An analyst has explained how a crossover between these two Bitcoin metrics would have to happen before the ‘fun’ can begin for the asset.
Bitcoin Realized Price Is Yet To Flip 200-Week MA
In a new post on X, analyst James Van Straten has discussed about the Realized Price and 200-week moving average (MA) for Bitcoin. The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the cost basis or acquisition price of the average investor on the BTC network.
When the spot price of the cryptocurrency is greater than this metric, it means the holders as a whole are in a state of net unrealized profit. On the other hand, it being under the indicator suggests the overall market is holding loss.
The 200-week MA, the other metric of interest here, is an indicator from technical analysis. An MA is a tool that calculates the average value of a given quantity over a specified time period and as its name implies, moves with time.
MAs are useful for s
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