Bitcoin Forming A Signal That’s Usually “Very Bullish,” Analyst Says
July 19, 2024
An analyst has pointed out how Bitcoin is back above the cost basis of the short-term holders, a sign that can be bullish for the asset. Bitcoin Is Back Above The Realized Price Of Short-Term Holders As explained by CryptoQuant community manager Maartunn in a new post on X, BTC has reclaimed the Realized Price of the short-term holders. The “Realized Price” here refers to an indicator that, in short, keeps track of the average cost basis of the investors in the Bitcoin market. When the value of this metric is greater than the cryptocurrency’s spot price……
Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
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Author: Keshav Verma