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Top asset management team helps you profit without hassle
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CryptoQuant: The ultimate bottom of the Bitcoin bear market may be $55,000
Odaily Planet Daily reports that CryptoQuant states the ultimate bottom of Bitcoin’s bear market may be around $55,000. This price level is the “realized price” for short-term holders (holding less than 155 days). The report indicates that this realized price is a key support level in a bull market, and falling below this level could signal a transition into a bear market. Additionally, Bitcoin is currently trading below the 200-day simple moving average and key pricing models such as the realized price of short-term holders. (TheBlock)