Forecasting #Bitcoin price using the Monte Carlo method. Pr

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Forecasting #Bitcoin price using the Monte Carlo method. Progress is evident. The current actual price (orange line) is slightly below the average of 1000 randomly generated templates (blue line). $BTC

Forecasting #Bitcoin  price using the Monte Carlo method.
Progress is evident.
The current actual price (orange line) is slightly below the average of 1000 randomly generated templates (blue line).
$BTC 

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IntoTheBlock: Since $ETH is back above $3,000, it is slightly above a significant demand zone. More than 5 million $ETH have historically been purchased across 2.96 million addresses. This is the strongest demand zone in the current range, which could act as a significant support level.

#Bitcoin #ETFs and Bitcoin-related stocks, all GREEN. $BTC

The fundamental principle of technical analysis states: "Every time a level is tested, it becomes weaker." $BTC is now testing the $67,100 level for the fourth time.

The market is displaying a noticeable downturn in realized volatility. Earlier, the 1-month realized volatility (7DMA) reached its peak at 0.23 when the price stood at 63.7k. Presently, it has tapered off to 0.077. It's worth noting that significant price surges frequently emerge following phases of subdued volatility.

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