Co-founder of Glassnode: the bottom of Bitcoin has a "high probability" around $46,000–$54,000
According to him, the price of the bottom will be around the midpoint of the CVDD indicator and the Realized Price, which is equivalent to the price range of $46,000–$54,000.
In the case of a more panicked market, the price could get swept down to $35,000–$40,000.
=> So this aligns with my strategy; when the price drops below the Realized Price (54K), I start DCAing it down to wherever it wants to go!
$BTC
According to him, the price of the bottom will be around the midpoint of the CVDD indicator and the Realized Price, which is equivalent to the price range of $46,000–$54,000.
In the case of a more panicked market, the price could get swept down to $35,000–$40,000.
=> So this aligns with my strategy; when the price drops below the Realized Price (54K), I start DCAing it down to wherever it wants to go!
$BTC