CryptoQuant: Bitcoin price is lower than realized price, still suitable for opening a position
Crypto Quant analysts stated that the price of Bitcoin is currently at $117,700 for the 1-week to 1-month period, while the market price is $116,000, still in the accumulation range. Based on the smart investment strategy of the realized price, it is recommended to consider building positions when the price is below the realized price. This strategy involves hourly dollar-cost averaging when the price is below the realized price range, and once the price breaks through the realized price threshold, it may be considered to gradually take profits.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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