Realized price of short-term holders has been broken and may signal a new uptrend
Realized price: This is the average price that investors have spent to buy Bitcoin over a period of less than 155 days
=> The price of #Bitcoin breaking above this level usually shows that short-term investors are making profits.
Over the past 3 months, this realized price has acted as a resistance level => The price that short-term investors have bought has kept the growth of#BTCprice in check
The Fed cut interest rates causing #Bitcoin to increase sharply, causing the price to break out of this resistance level => To consolidate further growth, Bitcoin needs to hold above this price level.
If this price level becomes support, the price area of 62,000$ will become an important support level.
