Bitcoin’s New ‘Line In The Sand’ May Be $82,000, Not $56,000: Analyst

An analyst has explained how Bitcoin’s bottom in the current cycle may not follow the same pattern as historical bear markets. Bitcoin Could Bottom Around True Mean Price Instead This Time In a new post on X, Checkonchain co-founder Alec Dejanovic has talked about a couple of pricing models related to Bitcoin. The first of these is the “Realized Price,” keeping track of the cost basis of the average investor on the BTC network. Related Reading: XRP Rebounds From Channel Bottom, Analyst Says $2.60 Could Be Next When the BTC spot price is trading above this level, it means that the network as a whole is in a state of net unrealized profit. On the other hand, the asset being under the metric suggests that the average token is being held at some loss. This indicator has displayed an interesting relationship with the cryptocurrency in the past. “Historical Bitcoin bears usually bottom around the Realised Price level,” explained Dejanovic. Below is the chart sha