Spot bitcoin As the positive mood created by ETFs continues, investors are wondering if higher levels will come.
At this point, the analyst closely followed by investors PlanB He said the bull market is on its way.
In a recent video bitcoin Pointing out that there are indicators showing that the bull market is on the way, PlanB said that it expects an increase.
Stating that the first of these indicators is the realized cost price of Bitcoin, the analyst stated that a significant bull market is probably on the way.
PlanB, BTC Noting that the current price is above the two-year actual cost price, he said that this indicates that historically large upward movements are expected.
“The important thing we see on the Bitcoin chart is that the BTC price has exceeded the two-year realized cost price. (shown with red dots)
So this is something new in Bitcoin. BTC price has surpassed the two-year realized price and this is an important signal.
However, it should not be ignored that the month of June is not over. In this context, it is necessary to wait for how June will close.
When we look historically, it is seen that the cost price exceeds the BTC price, which brings an increase.
I think for about a year the price has fallen below the actual cost price and now the first month is rising again. This is interpreted as a sign that the bull market is about to accelerate.”
bitcoin At the time of writing, it is at the level of $ 30,400.
*Not investment advice.
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