Bitcoins Accelerated Bull Market: Analyst PlanB Reveals Surprising Signal

By Lola Coin Jun 26, 202363Views

Quant analyst PlanB believes that Bitcoin (BTC) is poised for an accelerated bull market, based on an indicator called realized cost price. Realized cost price is the average value of BTC supply calculated at the price at which coins were last moved. When the price moves above the two-year realized cost price, it historically suggests significant upward movement. PlanB points out that Bitcoin’s price has crossed the two-year realized cost price, as well as the short-term cost price, indicating a potentially bullish trend. He also notes that the realized cost price readings have been stagnant for years but are now moving up together. This, along with the increase in the two-year realized price, suggests an interesting development for Bitcoin. At the time of writing, Bitcoin is trading at $30,183.

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