Over the past week, Bitcoin (BTC) has managed to embark on a strong recovery, gaining some 10% after a brutal drawdown to $9,300. Despite this, one indicator says that the cryptocurrency is still well overvalued, potentially by upwards of 35%. But does that mean Bitcoin is going to fall to its “fair value”? No, unlikely not....The post Bitcoin Price at 35% Premium to “Fair Value”; Will BTC Return to $7,500? appeared first on NewsBTC.
