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🔥Cryptoquant: Bitcoin's cycle bottom will be around $55,000
According to data from Cryptoquant, the realized price zone is currently the biggest support in history, and the price is still about 25% higher than this level.
🗒 Previous cycles:
• After F.T.X: price was about 24% below realized price
• 2018 cycle: about 30% below
When reaching that zone, BTC usually doesn't bounce immediately but accumulates for 4–6 months before reversing
If BTC drops to the 5x zone, are you willing to bet on re-entering the market 😁
❗️Just providing information, not investment advice #CelebratingNewYearOnGateSquare $BTC $ETH