Realized Price Indicator Suggests a Prolonged Bitcoin Uptrend
- Renowned analyst says there could be ‘interesting times’ ahead for Bitcoin.
- PlanB considered Bitcoin’s 5-month Realized Price before predicting an interesting future.
- Realized Price reveals the average cost basis at which all bitcoins in circulation were purchased.
Renowned Bitcoin analyst, known as PlanB on X (formerly Twitter), says there could be ‘interesting times’ ahead for Bitcoin. PlanB made the statement after considering how the Bitcoin Realized Price, a critical indicator, has developed recently.
5-month realized price (aka Short Term Holder price, light blue) is now above 2-year realized price (dark blue).
— PlanB (@100trillionUSD) August 8, 2023
If history is any guide (red circles) it will stay above for the next 2+ years. Interesting times aheadpic.twitter.com/YNgy7DaeX7
PlanB posted a screenshot showing that Bitcoin’s five-month Realized Price is now above the two-year Realized Price. Using historical data, PlanB thinks the current setup will remain for over two years, signifying a prolonged bullish trend for Bitcoin.
Bitcoin Realized Price is plotted by calculating the sum of all bitcoins at the price they were bought and di…
The post Realized Price Indicator Suggests a Prolonged Bitcoin Uptrend appeared first on Coin Edition.
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Realized Price Indicator Suggests a Prolonged Bitcoin Uptrend
- Renowned analyst says there could be ‘interesting times’ ahead for Bitcoin.
- PlanB considered Bitcoin’s 5-month Realized Price before predicting an interesting future.
- Realized Price reveals the average cost basis at which all bitcoins in circulation were purchased.
Renowned Bitcoin analyst, known as PlanB on X (formerly Twitter), says there could be ‘interesting times’ ahead for Bitcoin. PlanB made the statement after considering how the Bitcoin Realized Price, a critical indicator, has developed recently.
5-month realized price (aka Short Term Holder price, light blue) is now above 2-year realized price (dark blue).
— PlanB (@100trillionUSD) August 8, 2023
If history is any guide (red circles) it will stay above for the next 2+ years. Interesting times ahead
PlanB posted a screenshot showing that Bitcoin’s five-month Realized Price is now above the two-year Realized Price. Using historical data, PlanB thinks the current setup will remain for over two years, signifying a prolonged bullish trend for Bitcoin.
Bitcoin Realized Price is plotted by calculating the sum of all bitcoins at the price they were bought and di…
The post Realized Price Indicator Suggests a Prolonged Bitcoin Uptrend appeared first on Coin Edition.
Read More