Bitcoin: Drop to $48,000
"Right now that realized P&L price is what is that price? 32,600. No. No. 48,000. It's it's it's at 48,000. So, all these signs are pointing at another move down."
ℹ️ In shortThe analyst indicates that the realized P&L price for long-term Bitcoin holders is $48,000, suggesting further downward movement.
This prediction is awaiting verification.
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Full disclaimer… And sorry that is uh uh that signal over there. And that also says that we're not at a point where we're where where where we are ready to to bottom yet. Um same thing here with a re long-term holders realized P&L. You can see that when we we always touch that long that long-term holders realized P&L price. Right now that realized P&L price is what is that price? 32,600. No. No. 48,000. It's it's it's at 48,000. So, all these signs are pointing at another move down. Look at the RSI. The RSI is also telling us that, you know, we're not at the bottom of the RSI at the bottom of the RSIs yet. We still have a little bit of a way to go when it comes to to the RSIs. Um, even if you just look at the peak top to peak bottom. Now, I'm not paying too much attention to this metric because we didn't really have a very vi …
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