◻️ Analysis of Bitcoin's Realized Price and Future Trends: Historical Insights and Predictions .
◽️Summary of the Chart:
• Actual Bitcoin Price: Shown as a colored series indicating the price of Bitcoin over the years, with colors representing the number of days until the next halving.
• Realized Price: Shown as a yellow line representing the average price at which Bitcoin was last moved on the network.
• Realized Price Oscillator: Shown as gray dots indicating the ratio of the actual price to the realized price, with a red line at level 1 indicating when the actual price equals the realized price.
◽️ Expected Trend:
Based on historical data, we can expect:
• Price Increases After Halving: Historically, Bitcoin has seen significant price increases after halving periods, indicating an upward trend post-halving.
• Support from Realized Price: The realized price acts as strong support, and when the actual price is below it, it can indicate a buying opportunity.
Comparison to Previous Periods:
1. 2011-2013 (305 days below realized price):
• Long accumulation period before a significant rise.
2. 2015-2016 (410 days below realized price):
• Similar accumulation period followed by a strong rise.
3. 2018 (134 days below realized price):
• Quick correction before resuming the upward trend.
4. 2019-2020 (220 days below realized price):
• Another accumulation period before a post-halving rise.
◽️ Current Trend:
• As the next halving approaches, relying on historical trends, a rise in Bitcoin’s price can be expected post-halving.
• The realized price remains a key support level to watch for identifying good buying opportunities during corrections.
In summary, the expected trend for Bitcoin is upward post-halving, and the realized price should be monitored as a key support during correction periods.
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