Realized Price as Bitcoin Support
"The one onchain metric that we normally go under in a bare market is the realized price. Okay. Now for for for for us to go under the realized price now that number is at $53,000. So, at least if we were if we were going to hit the other onchain metrics, $53,000 would be kind of like the next level."
ℹ️ In shortRan Neuner explains that Bitcoin's "realized price" of $53,000 is a key support level if the cryptocurrency continues to decline.
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Full disclaimer… Okay, so if you look here, you can see that we bottomed somewhere around December, October, November, December. That's normally when these bare markets actually land up bottoming. Okay. So from just from a plain time point of view, we haven't yet got to the time that that we should take. But then you go on to onchain metrics. Like the one onchain metric that we normally go under in a bare market is the realized price. Okay. Now for for for for us to go under the realized price now that number is at $53,000. So, at least if we were if we were going to hit the other onchain metrics, $53,000 would be kind of like the next level. And that is the realized price, which is effectively the average price that Bitcoin people have actually have basically paid for their Bitcoin. The next metric that you need to look at is the market value over realized value, which is the the um the MVRV score. And you can see that that one also has a little bit of downside to to to come down. And …
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