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Is the Wild Rally on Bitcoin’s Chart Over? Analytics Company Answers by Custom Metric

Cryptocurrency analytics firm Alphractal has analyzed Bitcoin's Realized Capitalization metric and found that it has reached resistance levels last seen in 2019 and March 2024. Alphractal also highlighted the Long-Term Realized Capital Impulse metric, which aims to analyze demand from an on-chain perspective over long time frames. They also examined the shorter-term Realized Capital Impulse metric, which suggests that market enthusiasm for Bitcoin may not have fully materialized yet. Alphractal warns that a decrease in this metric could negatively impact the price, while an increase indicates a more positive and volatile market outlook. This analysis is not investment advice.

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