PlanB: Bitcoin trades above key realized price metrics, drop below $53K unlikely this cycle
- —Bitcoin trades near $87,000, above the overall realized price of about $53,000
- —The 155-day realized price is around $72,000; the two-year metric is near $86,000
- —PlanB sees a drop back below $53,000 as unlikely in this cycle
- —He expects new highs within the 2024–2028 halving cycle
Why it matters: Realized price metrics are watched as support guides; holding above them lowers expectations of a deep correction, though this remains one analyst's view.
Source: PANews