Popular analyst Willy Woo today bitcoinHe shared an important graphic about .
Stating that we can be in the starting zone of historically bull markets, the analyst said that this is an important resistance. “actual price” He said we had to go above that level.
With today’s rise bitcoinReminding that . has risen to an important resistance level, the analyst said:
“Bitcoin has now arrived at the “realized price”.
The “Realized Price” shows the basis of the average cost for all investors.
This level acts as a resistance level, but crossing it has historically been a very good signal.”
Woo, after this comment Bitcoin Realized PriceAdded a visual of how it worked before.
As can be seen from the graph, Bitcoin Realized Price So far, it has been successful in finding the bottom of the bear markets, and new bull markets have started when the price goes above this level.
Although it is not known whether Bitcoin, which is currently in this resistance zone, will break this level, when we look at the previous movements, we see that we are in the historical buying zones.
Even if the price fails to stay above this level in the short term and returns, we seem to be in the gradual recovery zone for long-term investors.
*Not Investment Advice.