Bitcoin fell to $67,000 as the US White House-sponsored stablecoin conference did not yield the expected results, combined with an increasingly hawkish macroeconomic outlook.
Experts predict further decline in Bitcoin ($BTC) Joanne Wesson, CEO of pricing and analytics firm Alphactal, explained the key levels to watch out for. $BTC.
The eminent CEO said these levels are updated daily and represent the actual cost of capital across the network.
“The current values of the Bitcoin main chain price-based indicators are:
CVDD: $49.153 — The most accurate pattern ever created to identify price lows. Historically, this is a good zone to buy everything.
LTH Realized Price: $44,349 — The LTH realized price serves as a strong support level indicator during a bear market, as it is the price that long-term investors have historically been willing to buy and hold, regardless of short-term price movements. When the price reaches this level, the network enters the extreme fear zone.
Investor Price: $50,581 — Historically, this is the level at which the decision to buy Bitcoin is easy. Nothing else.
Realized price: $55,098 — If the current market price falls below the realized price, it means the investor has effectively incurred a paper loss. Historically, these periods occurred at the bottom of major cycles. Below this level, the market enters a period of general stagnation.
Actual market average price: $79,689 — This is the last structural support level of the bull market. Bitcoin has already lost this level and the market trend has reversed.
Active realized price: $86,884 — This is the average cost of the most active addresses on the network. Below this level, the risk increases.
STH Realized Price: $92,645 — STH Realized Price provides insight into the current sentiment and momentum in the Bitcoin market and can reveal potential resistance levels and points where selling pressure could increase. Historically, Bitcoin bull markets have typically seen the price trading above the price achieved by short-term investors. In a bear market, prices typically trade lower than those achieved by short-term investors. This is the cost floor for individual investors these days. Below this level, short-term investors lose interest.
Alphaactal’s CEO recently stated that these valuations for Bitcoin are not definitive and that these levels change daily as capital moves.
*This is not investment advice.