ShayanMarkets
THERE IS STILL ROOM FOR BITCOIN TO PLUMMET
Typically, the price stays above the realized price during bullish market cycles. Conversely, during the last capitulation phase of a bear market, the price drops below the realized price, bringing significant fear and uncertainty. During this period, market participants are under much stress and distribute their assets to avoid additional losses and control their exposure to further market fluctuations. Considering the previous cycles, the beginning of a bull market is anticipated by the market price surpassing the realized price, a sign which is currently yet to happen, as the price has failed to break above the realized price and was recently rejected to the downside with substantial bearish momentum. Consequently, there is still room for Bitcoin to plummet, and the end of the current bear market won’t be expected unless the price surpasses the realized price, currently at $19.7K.