Bitcoin realized price reaches a new peak for the year

2023-6-30 11:59

Quick Take

Realized price is a metric that offers an average acquisition cost of the total coin supply on-chain. Historically, when Bitcoin’s value dips below the realized price, signified by the purple lines on the chart below, it has consistently indicated a market bottom. This trend has manifested at least once in every bear market cycle.

Presently, Bitcoin’s realized price stands at $20,300. This figure is the highest it has been since the FTX collapse and continues to rise. This upward trend is promising, primarily as short-term holders persistently augment their cost basis.

Consequently, Bitcoin’s value trajectory has been marked by successively higher peaks with each cycle. In the unlikely scenario where the price falls below the realized price, it’s improbable that we would witness a dramatic drop to a value as low as $15,500.

Realized Price: (Source: Glassnode)

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price realized below bitcoin dips signified historically

Источник: cryptoslate.com

price realized → Результатов: 126


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Bitcoin’s Realized Cap Adds $43 Billion Since the 2017 Peak to Hit A New ATH; A 60% Increase

While the price of bitcoin is struggling around $10,000, although still holding strong to the key psychological level, Bitcoin realized its cap has hit an all-time high. Compared to the $197 billion market cap of the leading digital asset, which takes into account the current price and circulating supply, the realized cap has reached $115 […] The post Bitcoin's Realized Cap Adds Billion Since the 2017 Peak to Hit A New ATH; A 60% Increase first appeared on BitcoinExchangeGuide.

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Bitcoin Price Analysis: New High Paves Potential Reversal Setup

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears:Figure 1: BTC-USD, 4-Hour Candles, New HighOur current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind.

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