Ah, the Bitcoin market, always a rollercoaster ride of disappointment and despair… or is it? 😅 The past few weeks have been a wild ride, with the price retesting the $100,000 support zone. But fear not, dear investors! A glimmer of hope appears on the horizon, courtesy of some on-chain evaluation that predicts a positive price action in the near future. 🌞
Bitcoin\’s Bargain Basement: A Steal or a Trap?
Market analyst Burak Kesmeci shared his insights on X, and let\’s just say, it\’s a pretty compelling case for a bullish reversal. 🤓 He points to the Bitcoin: 90-Day Market Price vs Realized Price Gradient Oscillator, which tracks the distance between Bitcoin\’s market price and its average cost basis (realized price) over the past 90 days. In simple terms, it\’s like checking if Bitcoin is on sale… and boy, is it ever! 🛍️
A positive reading means the market price is rising faster than the average cost basis, indicating growing bullish momentum. A negative reading, on the other hand, means the market price has fallen significantly beneath the realized price, a sign of bearish momentum, or as I like to call it, a “crypto winter”. ❄️
Kesmeci reveals that the metric\’s reading has fallen to a value of -1.27 STDV (Standard Deviations). Translation: Bitcoin\’s price has plummeted beneath its historical cost basis, which could mean that the flagship cryptocurrency\’s price momentum has reached a state of “extreme cooldown”. Think of it like a sale at your local mall – everything\’s on discount, and investors are just waiting for the bargains to snap up! 🛍️
In other words, investors are paying much less than recent buyers did on average to acquire Bitcoin. If more investors were to buy in at current prices, it could absorb the bearish pressure, and… well, you know what they say: “buy low, sell high”! 📈
Bitcoin\’s Price Overview: The Bargain Continues
As of this writing, Bitcoin stands at a valuation of approximately $102,023, reflecting a slight loss of about 0.94% since the last day. Not exactly a thrilling ride, but hey, at least it\’s not a complete meltdown! 😅
Ah, the Bitcoin market, always a rollercoaster ride of disappointment and despair… or is it? 😅 The past few weeks have been a wild ride, with the price retesting the $100,000 support zone. But fear not, dear investors! A glimmer of hope appears on the horizon, courtesy of some on-chain evaluation that predicts a positive price action in the near future. 🌞
Bitcoin’s Bargain Basement: A Steal or a Trap?
Market analyst Burak Kesmeci shared his insights on X, and let’s just say, it’s a pretty compelling case for a bullish reversal. 🤓 He points to the Bitcoin: 90-Day Market Price vs Realized Price Gradient Oscillator, which tracks the distance between Bitcoin’s market price and its average cost basis (realized price) over the past 90 days. In simple terms, it’s like checking if Bitcoin is on sale… and boy, is it ever! 🛍️
A positive reading means the market price is rising faster than the average cost basis, indicating growing bullish momentum. A negative reading, on the other hand, means the market price has fallen significantly beneath the realized price, a sign of bearish momentum, or as I like to call it, a “crypto winter”. ❄️
Kesmeci reveals that the metric’s reading has fallen to a value of -1.27 STDV (Standard Deviations). Translation: Bitcoin’s price has plummeted beneath its historical cost basis, which could mean that the flagship cryptocurrency’s price momentum has reached a state of “extreme cooldown”. Think of it like a sale at your local mall – everything’s on discount, and investors are just waiting for the bargains to snap up! 🛍️
In other words, investors are paying much less than recent buyers did on average to acquire Bitcoin. If more investors were to buy in at current prices, it could absorb the bearish pressure, and… well, you know what they say: “buy low, sell high”! 📈
Bitcoin’s Price Overview: The Bargain Continues
As of this writing, Bitcoin stands at a valuation of approximately $102,023, reflecting a slight loss of about 0.94% since the last day. Not exactly a thrilling ride, but hey, at least it’s not a complete meltdown! 😅
Read More
- The X-Files’ Secret Hannibal Lecter Connection Led to 1 of the Show’s Scariest Monsters Ever
- Is The White Lotus Breaking Up With Four Seasons?
- Fan project Bully Online brings multiplayer to the classic Rockstar game
- Clayface DCU Movie Gets Exciting Update From Star
- Yakuza: Like a Dragon joins the PlayStation Plus Game Catalog next week on October 21
- Dad breaks silence over viral Phillies confrontation with woman over baseball
- Elizabeth Olsen Wants to Play Scarlet Witch Opposite This MCU Star
- One Battle After Another Is Our New Oscar Front-runner
- EUR TRY PREDICTION
- Dwayne ‘The Rock’ Johnson says “we’ll see” about running for President
2025-11-09 13:54