Quant analyst #PlanB says there’s an indicator suggesting that #Bitcoin (BTC) is ready for an accelerated #bulls market.

PlanB says price moving above the two-year realized cost price has historically suggested big moves to the upside.

“The important thing that we see is that the Bitcoin price, the red dots, crossed over the two-year realized cost price, and it already crossed the realized cost price, and it already crossed the five-month, short-term cost price. So now, it’s a new thing… It crossed the two-year realized price, and that’s an important signal. Of course, the month is not over, so we’ll wait and see how [June] closes.”

PlanB also notes that the realized cost price readings are all moving up together after years of remaining stagnant.

“In history, closing above the two-year realized price was a #signals that the bull market [was about to] accelerate. Same here in 2016 and 2019 was a bit of a weird year with the Covid black swan…

So it’s very interesting and one more thing that is also very interesting, the realized price, the black line, and the two-year realized price, the blue line, started to increase again since a long time. I think it declined for about a year, and now for the first month, it’s increasing again, and that’s when things become really interesting, so we’ll have to see what Bitcoin will do.”