Realized Price #Bitcoin is currently at ~$52k
Historically, during the bottoming process of #BTC bear market, the price has fallen below the Realized Price
We use an oscillator to accurately identify these periods, which last an average of 7 months.
The current price discount is already extremely favorable — we use the 2.618 Fibonacci extension to project top relative to Realized Price and the target is ~$138k — about +116% from current price.
This setup for projecting a Bitcoin top has high accuracy and has identified excellent distribution periods. #BTC Price Analysis# #Macro Insights# #OnChainAnalysis $BTC
Historically, during the bottoming process of #BTC bear market, the price has fallen below the Realized Price
We use an oscillator to accurately identify these periods, which last an average of 7 months.
The current price discount is already extremely favorable — we use the 2.618 Fibonacci extension to project top relative to Realized Price and the target is ~$138k — about +116% from current price.
This setup for projecting a Bitcoin top has high accuracy and has identified excellent distribution periods. #BTC Price Analysis# #Macro Insights# #OnChainAnalysis $BTC