Historical Bitcoin Realized Price:


For the last three market cycles, Bitcoin has bottomed below its realized price before starting a new major bullish uptrend.
If price action repeats, that could imply a downside target near $49,000 or below before the next significant reversal.
#bitcoin #Crypto
BTC-0.27%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • 1
  • Share
Comment
Add a comment
Add a comment
GateUser-aef24908
· 1h ago
The cryptocurrency market has no real value at all—the rise and fall is determined entirely by the Federal Reserve’s various signals and decisions. And if a financial crisis really hits, Bitcoin could drop so hard that you wouldn’t even fucking recognize it.
View OriginalReply0
  • Pinned