Here’s Why The Current Bitcoin Bear Might Last A While Longer

[Google News Bot]

Bitcoin has been consolidating between the realized price and the balanced price for three months so far, here’s why this can suggest the bear market may still have some ways to go before it concludes. Bitcoin Is Currently Below, But Near, The $21.1k Realized Price According to the latest weekly report from Glassnode, the realized and the balanced price models are suitable for approximating the bottom formation range for BTC. The “realized price” is a Bitcoin value model based on the idea of realized cap. In simple terms, what it represents is the cost-basis of the average ho ...

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