Analyst Reveals Four Key Bitcoin Price Levels to Watch
An analyst has identified four crucial price levels for Bitcoin that could impact its trajectory. These levels are based on the “realized price” on-chain indicator, which measures the average cost basis of Bitcoin investors.
When the spot price is higher than the realized price, it suggests that investors are in profit. Conversely, if the price is lower, investors are at a loss. When the price matches the indicator, it indicates a breakeven point for investors.
The chart shared by the analyst shows the trend in these four key Bitcoin price points over the past few years. The first level is based on short-term holders, whose average cost basis stands at $38,750. Long-term holders have a much lower realized price of $18,740, indicating significant profits.
The adjusted realized price, which serves as a market baseline, is currently at $31,190. Finally, the 200-week moving average at $30,500 provides insight into the baseline momentum of Bitcoin’s 4-year cycle.
Bitcoin Bounces Back Above $43,000
After briefly dropping below $42,000, Bitcoin has rebounded and is now trading above $43,000 again.
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