Bitcoin price metric suggests $15K surge after US elections — report

Bitcoin (BTC) has support to climb all the way to $15,000 if historic trends repeat themselves this year, a new report says.

Compiled by crypto index fund provider Stack Funds on Oct. 15, the report highlights Bitcoin’s market cap vs. realized cap ratio (MVRV) fuelling gains, which could smash $12,000 resistance.

Report expects “significant break” in MVRV

Bitcoin has yet to attempt a breakout of $12,000, seeing rejection at $11,700 this week. This has failed to dent optimism among…

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