Bitcoin's realized price is showing a crossover pattern, with newer transactions being completed at higher prices than recent historical transactions. Analysts believe this could be an early sign of rising Bitcoin momentum and a potential bullish sentiment in the mid-term. The crossover pattern has historically preceded significant price surges, indicating a favorable market shift and potential price increase on the horizon. This could solidify a stronger mid-term trend for Bitcoin and reinforce bullish expectations among investors.
- Content Editor ( blockchainreporter.net )
- 2024-10-29
Bitcoin UTXO Realized Price Crossover Signals Potential Mid-Term Price Rise