According to a cryptocurrency analyst, Bitcoin has approached a level that has historically given important signals.
According to an analysis shared on the blockchain analysis platform CryptoQuant, Bitcoin short term average realized price approaching.
The analyst expects this level to be important in March and June 2023. a support; Between April-November 2022 and October 2023 significant resistance He said that it functions as a point.
According to historical data, whenever Bitcoin broke one of these support or resistance levels, it continued to move in that direction.
Current short-term realized price 37 thousand 800 dollars Stating that the price is at the point and the price is approaching this level, the analyst thinks that if the price falls below this level, this may be a good opportunity to apply the dollar cost averaging strategy.
