Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Markuri33 on June 29, 2022, 04:23:49 AM
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Current BTC price levels are being keenly eyed as a prime site for a macro Bitcoin price trend reversal."In the past, Bitcoin has been a steal under its realized price, i.e., aggregate cost basis of all coins in supply. The realized price is currently sitting at around $22,500," popular trading account Game of Trades added.
While few expected a clear bullish trend to emerge, long-term perspectives also placed importance on current price levels.
Among them was John Bollinger, creator of the Bollinger bands volatility indicator, who in a fresh take on BTC/USD flagged the culmination of a trend years in the making.
The next move, he suggested, could well be higher after a "picture perfect" double top pattern on Bitcoin in 2021.more (https://cointelegraph.com/news/different-this-time-almost-all-bitcoin-metrics-are-now-hinting-at-a-price-bottom)