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Cryptocurrency Price Speculations / Re: Bitcoin post-halving price consolidation could last 2 months
« on: Today at 10:19:40 AM »The black curve “Realized Price” indicator represents the average price at which traders sold their bitcoins during a dip.
The red curve, however, represents the average cost at which traders purchased the bitcoins sold during the decline.
In bear markets, this average cost acts as resistance to the "Realized Price" (i.e. the black curve is below it and fails to rise above it), while in bull markets it acts as support (the black curve bounces above during normal corrections ).
As you can see, this time too, as in the previous ones in this bull market, the black curve has rebounded.