Bitcoin News
By Steven Anderson
1 / 15
What the 200-Week Average Actually Means Here. In prior bear markets — and traders who've been around long enough remember this well — staying…
2 / 15
Historical Cycles Point to More Caution. Look back at 2018 and 2019. Or the stretch through 2022.
3 / 15
Traders Watch for Any Sign of a Shift. Right now, the market is basically in wait-and-see mode.
4 / 15
June wasn't kind to Bitcoin. The month ended with the coin above its realized price but still stuck under the 200-week moving average — and that gap is making a lot of traders…
5 / 15
The realized price is basically the average cost basis for everyone holding Bitcoin right now. Closing above it sounds like good news on the surface.
6 / 15
In prior bear markets — and traders who've been around long enough remember this well — staying under the 200-week moving average for extended stretches was pretty much a sign…
7 / 15
It's not that the realized price doesn't matter. It does. Some analysts see it as a floor of sorts — a level where, historically, sellers start running out of steam because most…
8 / 15
The gap between those two metrics — realized price below, 200-week average above — is kind of the whole story right now.
9 / 15
Look back at 2018 and 2019. Or the stretch through 2022. In both cases, Bitcoin spent significant time above its realized price while still trading under the 200-week moving…
10 / 15
Related: AI Open-Source Faces Challenges Similar to Bitcoins 2014 Struggles
11 / 15
The crypto community is split on what comes next. Some see the realized price support as a signal that the worst is probably behind us.
12 / 15
Unclear what that catalyst would even be. Macro conditions, institutional flows, regulatory shifts — all of it could move the needle.
13 / 15
Right now, the market is basically in wait-and-see mode. Traders are watching whether Bitcoin can build momentum off the realized price support and make a serious run at the…
14 / 15
But that hasn't happened yet. And until it does, the bear case stays on the table.
15 / 15
Read also: Citi Cuts Bitcoin Target 27% as 2.6 Trillion SHIB Exits Exchanges
The Currency Analytics
Want the full story?