Stack Funds hails Bitcoin’s ‘wholesome correction,’ predicts ‘euphoria’ forward
Stack Funds hails Bitcoin’s ‘healthy correction,’ predicts ‘euphoria’ ahead
Crypto index fund provider Stack Funds has labeled yesterday’s pullback as a “healthy correction” that was needed before continues its upward trajectory.
Bitcoin (BTC) broke through $19,000 earlier this week after posting seven weeks of consecutive gains. According to the firm, the crypto has been at overbought levels since October, further supporting the need for a correction.
Bitcoin’s net unrealized profit/loss. Source: Glassnode
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