Bitcoin Price Attempts Comeback as BTC 'Misery Index' Tanks

Bitcoin prices are staging a tepid comeback after briefly dropping below $ 8,000 earlier today. As of this writing, the price of one bitcoin token hovered at $ 9,183, up 0.56% in the last 24 hours. Because a riding tide lifts all boats, it's no surprise that 4 of the top 10 most valuable cryptocurrencies by market …
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Bitcoin's 'Misery Index' Predicts Price of $20000 This Year

Bitcoin and other cryptocurrencies have been dominated by extreme price fluctuations throughout their histories. This has enabled savvy (or lucky) investors to strike it rich, particularly if they were able to get in on their investments early and before digital currencies became broadly popular in the past …
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Wall Street Analyst Creates 'Bitcoin Misery Index' For Traders

Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee has developed a 'contrarian index' that lets investors know how 'miserable' Bitcoin (BTC) holders are based on current prices, CNBC reports. The index is called the Bitcoin Misery Index (BMI) and was designed as a trading …
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When will bitcoin's bloodletting cease? Fundstrat's Lee turns to the 'Bitcoin Misery Index' for answers

The recent, brutal selloff in bitcoin has even the most ardent bulls puzzled about the outlook for the digital asset. Bitcoin has shed more than 20% of its value over the past week amid a raft of negative news, leaving investors scrambling for a reason to hold on to a modicum of optimism. Tom Lee …
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