Bitcoin has turned bearish again this week following an 18% climb the previous week. Market sentiment is generally negative and analysts are eyeing further losses and a return to the $6k level. Is BTC still that overvalued? According to Metcalfe’s Laws BTC is Overvalued Bitcoin took another turn south during early Asian trading today when it fell almost 3% in just over an hour. The move took the digital asset down to $7,100 according toRead MoreThe post Is Bitcoin Still Over Valued Despite a 50% Correction? appeared first on Bitcoinist.com.