CandleFocus Analytics Company Reveals the Level at Which It Expects Bitcoin Price to Plummet and Find a Bottom
2024-09-13
Author: Content Editor
Cryptocurrency analytics platform Alphractal has identified $46,460 as a potential new price floor for Bitcoin. The platform believes that this figure, known as the Real Market Average Price, is an important metric that reflects Bitcoin's weighted average network price. Alphractal has noted the significance of this metric during past market movements, including the "China Dump" in May 2021, where it provided support to Bitcoin and eventually led to new all-time highs. With Bitcoin demand falling, Alphractal suggests closely monitoring the Real Market Average Price as a critical indicator and recommends a smart Dollar Cost Averaging strategy.
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