Expert Finds Prime Bitcoin Buy Zone Below $60,000, Supported By This Vital Indicator

A new analysis released by CryptoQuant, written by contributor CryptoMe, suggests that Bitcoin (BTC) may still have room to fall this year, and that the collapse could give the ideal purchasing opportunity for long-term investors. Bitcoin Bottom At $54,000? In a Monday report, CryptoMe highlighted the cryptocurrency’s Realized Price indicator as a key reference point and argued that periods when spot prices dip at or below that level have historically been attractive accumulation zones. The Bitcoin Realized Price is, in simple terms, the market’s average cost basis: the price paid for all coins in circulation weighted by when they last moved. Notably, this Bitcoin metric has frequently acted as meaningful support during past bear markets. Related Reading: XRP Price Alert: Expert Predicts $0.80 On Bitcoin’s Potential Retreat To $60,000 When Bitcoin spot prices drop below the Realized Price indicator, the analyst says, the market is often in a state of capitulation — characterized by neg