Over the past two years, the Bitcoin market has experienced significant growth, influencing the prices of other cryptocurrencies as well. This period has been more promising compared to the bearish market of 2021 and 2022.
To estimate the current state of the Bitcoin market, one of the most effective contemporary tools is the 60-Day Realized to Market Capitalization Variance (RCV) metric. This metric measures the two-month change in the realized cap relative to Bitcoin's market value, making it highly useful for long-term decision-making and investing with the Dollar-Cost Averaging (DCA) model.
According to this metric, Bitcoin has reached its risk zone. However, there is still potential for market growth to higher levels, such as 0.70. While it's impossible to predict the future with certainty, we can suggest that a demand surge around the 0.50 level in the metric could behave similarly to 2017, potentially setting a new long-term high for Bitcoin.
For Bitcoin investors, these levels are useful for incremental buying and selling, allowing you to DCA this valuable asset according to your long-term investment goals.
Written by Crazzyblockk