🕵 CryptoQuant Prediction: Bitcoin's 'Realized Cost' Points to a Peak of $146,000
CryptoQuant shared an interesting perspective on platform X, where they assessed Bitcoin's maximum price target based on its Realized Price Valuation, suggesting it could reach $146,000.
Does this number sound a bit crazy? But wait, there's logic behind it. The Realized Price Valuation is calculated by determining the price at which each Bitcoin was last traded, reflecting the 'real cost' of all Bitcoins in the market.
CryptoQuant's viewpoint states that historically, when Bitcoin prices reach this upper price range, it often marks the peak of the current cycle. The last time this price range was achieved was precisely at the peak of the bull market from April to May 2021.
🗣️ Opinion:
This prediction may sound a bit bold, but don't forget that historical data shows this price range has appeared at the tops of past cycles. This could imply that if Bitcoin's Realized Price Valuation indeed reaches this level, we might be at or near the peak of a market cycle.
Of course, the market is volatile, and no prediction is absolute. Moreover, when the market is generally bullish, we must exercise caution.
💬 What do you think about this prediction? Do you believe Bitcoin can reach this price in this bull market? Or do you have your own price target? Share your thoughts and opinions, and let's discuss the future trends of Bitcoin together!
