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CryptoBullet CryptoBullet @cryptobullet · 67.6K subscribers
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Let me explain my $40k +/-5k #BTC Bear Market Bottom Target

One of the Key indicators that I pay attention to during bear markets is #BTC Realized Price

[ Realized Price is value of all coins in circulation at the price they last moved, in other words an approximation of what the entire market paid for their coins ]

Every Bear Market #Bitcoin tests the Realized Price level and breaks below it 📉

In 2011 #BTC went -66% below the Realized Price
In 2015 #BTC went -48% below the Realized Price
In 2018 #BTC went -35% below the Realized Price
In 2022 #BTC went -33% below the Realized Price
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