Expert proposéiert historesch gutt Zeechen fir Bitcoin, hei ass firwat

Willy Woo, a popular on-chain analyst, believes that Bitcoin might be set for a major bullish movement. According to him, BTC is set to break through Realized Price, which has been a historically good sign. 

Realized Price estimates the average price the market had to spend to get their Bitcoin. Realized Price acts as a resistance, and breaking through it has always led to a massive upward movement of BTC prices. BTC has broken through Realized Prices only four other times. 

Can BTC Go Bullish

Realized Price has always been an important indicator for investors to monitor Bitcoin trends. Usually, when the market price of BTC is higher than realized price, Bitcoin holders are usually in profit. On the other hand, if BTC’s market price dips below Realized Price, market participants usually incur losses.

Entspriechend zu Donnéeën published by lookintobitcoin.com, the Realized Price on July 17, 2022, was $21,985 while Bitcoin’s current price is $22,257. 

Michael van de Poppe believes that a slight Konsolidéierung of BTC to break the resistance formed at $22.6K can propel it to $28k. Bitcoin has also reclaimed its $420 billion market cap. Bitcoin prices have increased by more than 4% in the last 24 hours and by more than 8% in the last 7 days.

ETH, Polygon See Extremely Bullish Trend

Bitcoin is not the only major cryptocurrency to see significant upward movement. Recently, Ethereum core developers set September 19th as the date for the Ethereum merge. The merge will transfer Ethereum from a proof of work chain to a proof of stake chain. 

Since the announcement, Ethereum has seen extremely bullish price action. Its price has increased by more than 9% in the last 24 hours and by about 30% in the last 7 days. ETH is currently trading at $1,482.

Polygon has also experienced a massive upward movement in its prices. $MATIC prices have increased by more than 17% in the last 7 days and more than 63% in the last 7 days.

Nidhish ass en Technologie-Enthusiast, deem säin Zil ass elegant technesch Léisungen ze fannen fir e puer vun de gréisste Gesellschaftsprobleemer ze léisen. Hien ass e feste Glawe vun der Dezentraliséierung a wëll un der Mainstream Adoptioun vu Blockchain schaffen. Hien ass och grouss an bal all populär Sportarten a gär iwwer eng grouss Varietéit vun Themen ze schwätzen.

Dee presentéierten Inhalt kann d'perséinlech Meenung vum Autor enthalen an ass ënner Zoustand vum Maart. Maacht Är Maartfuerschung ier Dir a Kryptowärungen investéiert. Den Autor oder d'Publikatioun huet keng Verantwortung fir Äre perséinleche finanzielle Verloscht.