A rare bullish crossover between two on-chain metrics could soon be forming for Bitcoin. Here’s when this analyst believes the cross would happen.
Bitcoin Realized Prices Of Two UTXO Age Bands Are Moving Towards A Cross
As explained by an analyst in a CryptoQuant Quicktake post, a bullish crossover is expected to happen soon for BTC. The indicator of interest here is the “realized price,” which basically keeps track of the price at which the average investor in the Bitcoin market acquired their coins.
The indicator calculates this value by going through the on-chain history of each coin in circulation to see what price it was last transacted at. The metric assumes this price to be its buying price and so, after taking the mean of this value for all tokens on the network, the average cost basis of all coins is obtained.
When the cryptocurrency’s price is under this metric, it means that the average holder in the sector is in a state of loss. On the other hand, the price being ab
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