$BTC
Markets
Bitcoin Realized Price Breaks Above 200WMA, Signaling More Room to Run
On-chain data shows the realized price has climbed above the 200-week moving average, a historical signal of sustained bull markets.
By James Van Straten
|
Edited By Parikshit Mishra
about 2 hours ago
Realized Price vs 200 WMA (Glassnode)Realized Price vs 200 WMA (Glassnode)
What to Know
The realized price recently reclaimed the 200WMA for the first time since June 2022, following nearly three years below it.
In past cycles, this crossover marked the beginning of major rallies, as seen in the 2017 and 2021 bull runs.
Bitcoin (BTC) surged past $124,000, setting its fourth all-time high of 2025.
On-chain data from Glassnode suggests this could mark the early stages of a continued bull market.
A key metric underpinning this view is the realized price, which measures the total value of all bitcoins at the price they were last moved on-chain, divided by the number of coins in circulation. This metric at $51,888 has now climbed above bitcoin’s 200-week moving average (200WMA), a long-term trendline often seen as a dividing line between bear and bull markets.
History shows that when the realized price moves above the 200WMA and continues higher, as it did in the 2017 and 2021 cycles, the uptrend is sustained for a longer time. The 200WMA currently stands at $51,344, acting as a long-term support level that has historically defined the floor during bear markets.
Markets
Bitcoin Realized Price Breaks Above 200WMA, Signaling More Room to Run
On-chain data shows the realized price has climbed above the 200-week moving average, a historical signal of sustained bull markets.
By James Van Straten
|
Edited By Parikshit Mishra
about 2 hours ago
Realized Price vs 200 WMA (Glassnode)Realized Price vs 200 WMA (Glassnode)
What to Know
The realized price recently reclaimed the 200WMA for the first time since June 2022, following nearly three years below it.
In past cycles, this crossover marked the beginning of major rallies, as seen in the 2017 and 2021 bull runs.
Bitcoin (BTC) surged past $124,000, setting its fourth all-time high of 2025.
On-chain data from Glassnode suggests this could mark the early stages of a continued bull market.
A key metric underpinning this view is the realized price, which measures the total value of all bitcoins at the price they were last moved on-chain, divided by the number of coins in circulation. This metric at $51,888 has now climbed above bitcoin’s 200-week moving average (200WMA), a long-term trendline often seen as a dividing line between bear and bull markets.
History shows that when the realized price moves above the 200WMA and continues higher, as it did in the 2017 and 2021 cycles, the uptrend is sustained for a longer time. The 200WMA currently stands at $51,344, acting as a long-term support level that has historically defined the floor during bear markets.