According to this analysis, BTC is unlikely to go below $60k đ
Bitcoin Realized Price is the value of all bitcoins at the price they were last transacted on-chain, divided by the number of bitcoins in circulation
This gives us the average cost basis at which all bitcoins were purchased, under which, as you can see above, short-term sellers are unlikely to sell at a loss.
Right now we have the support of Realized Price at around $60k but you should keep in mind that this is not some kind of magical barrier, and anything is still possible đ€·ââïž
