BTC: Realized Price and Expected Bottom Soon
Updated
"Realized cap seems to suggest the final layer of people’s cumulative cost basis and, in recent history, the ultimate line of “center of mass” where 2017 strong buyers remain unrattled by short-term uncertainty."
Current realized price = 20.188k
2.089x realized price (last mid-bull market low) = 42.172k
Current 200 day ema = 41.667k
Anyone want to predict a low here? I'm expecting 42-44k daily close soon but perhaps an intraday low in the 39-41k range based off of 200 day ema and resistance at previous high.
Current realized price = 20.188k
2.089x realized price (last mid-bull market low) = 42.172k
Current 200 day ema = 41.667k
Anyone want to predict a low here? I'm expecting 42-44k daily close soon but perhaps an intraday low in the 39-41k range based off of 200 day ema and resistance at previous high.
Note
I forgot one example from the 2013-2014 bull market had a 1.5x realized price ratio, BUT that was in BTC's early days and when the market had much lower liquidity and no institutional interest. I guess we'll see...
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