💸 BOTTOM below $54,000 for Bitcoin?
The realized price, or prix réalisé in French, corresponds to the average purchase price of BTC.
This is the level in orange, which is located around $54,000 at the time of writing... 📉
Bitcoin consistently validates bottoms below this on-chain level (green) since 2015.
The price of Bitcoin rebounded around $60,000 and according to this indicator, it could be a temporary rise before a return to decline. 🚀
👉 If the cycle resembles others, we could have an end of correction below $54,000!
Will the current cycle be different for you, especially thanks to institutional players? ⚡️
Yes, BTC has already validated a bottom at the 60,000$ level = 👍
No, Bitcoin will drop further and will go below 60,000$ = 😱
BTCUSDT
Perp
59,945.9
-0.51%