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Bitcoin price up-down debate ‘mostly noise,’ watch network’s Apple-esque growth -Breaking

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© Reuters.

(BTC() continues its slide further into this week, as BTC They clung to $40,000 of supportOn February 18,

Many analysts Expected BTC’s price to fall toward $30,000 next, mostly based on technicals, Jurrien Timmer of Fidelity Investments lambasted the downside bias, calling it “mostly noise.”

Apple’s price and valuation since 1996. Source: Fidelity
Bitcoin’s size and valuation. Source: Fidelity
The demand model for bitcoin vs. the mobile and internet user’s Bitcoin. Source: Fidelity
Bitcoin price chart daily 2013 vs. 2012 Source: TradingView