Bitcoin Moves Above Its Realized Price

Considering that Bitcoin has moved above its realized price, we should have seen the bottom and expect to remain above from here on out:

Bitcoin (BTC) Moves Above Its Realized Price

The realized price is an on-chain indicator that measures the price of BTC at the time it last moved. In turn, it devalues lost coins and coins that have not moved in a long period of time.

The actual BTC price has decreased below the realized price on only three occasions since 2018. It did so in July 2018, March 2020 and July 2022 (black circles). Currently, it is at $21,800. Therefore, while BTC fell below the realized price in July, it has reclaimed it since.

Going by previous history, each decrease below the realized price has amounted to a long-term bottom.

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Master Asked on July 28, 2022 in Bitcoin.
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