🎯The level around $46,460 could become the next price floor

🎯The level around $46,460 could become the next price floor for Bitcoin in the near future. This value represents the True Market Mean Price, a metric that reflects the network’s weighted average price.
We’ve previously discussed the significance of the True Market Mean Price and the powerful AVIV Ratio oscillator. A clear example of this metric’s impact was observed during the "China Dump" in May 2021, when the True Market Mean Price provided support for Bitcoin for two months before the price reached new all-time highs.
Since March 2024, we've seen a rapid decline in demand for Bitcoin, while market makers seem to be attempting to drive the price down. In this scenario, a smart DCA (Dollar Cost Averaging) strategy would be to closely monitor the True Market Mean Price, as it has proven to be a more accurate metric than the Realized Price, especially since it excludes coins related to mining.

🎯The level around $46,460 could become the next price floor for Bitcoin in the near future. This value represents the True Market Mean Price, a metric that reflects the network’s weighted average price.

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