Bitcoin ‘price will follow,’ says analyst after historically accurate metric hits new high

Bitcoin (BTC) has already hit an all-time high this week, according to one price measurement from popular statistician Willy Woo.

In a series of tweets on Oct. 27, Woo added to his recent bullish prognoses on Bitcoin, noting that one valuation of BTC/USD was now higher than ever before.

Woo: “Price will follow” NVT valuation

Woo was referring to Bitcoin’s network value to transactions (NVT) ratio, which aims to suggest when the Bitcoin network is overvalued compared to the actual value of…


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