Bitcoin Realized Price Breaks Above 200WMA, Signaling More Room to Run
Main Idea
Bitcoin's realized price has surpassed its 200-week moving average (200WMA), historically signaling a sustained bull market, indicating renewed investor confidence and potential for further growth.
Key Points
1. Bitcoin's realized price has climbed above the 200WMA, reaching $124,000, marking its fourth all-time high in 2025.
2. The 200WMA currently stands at $51,344, a level typically breached only during periods of extreme market stress.
3. Breaking above the 200WMA suggests a shift in market structure and renewed investor confidence.
4. Historically, when the realized price stays above the 200WMA for an extended period, it indicates a sustained bull market.
Description
Bitcoin (BTC) surged past $124,000, setting its fourth all-time high of 2025. On-chain data from Glassnode suggests this could mark the early stages of a continued bull market. A key metric underpinning this view is the realized price, which measures the total value of all bitcoins at the price they were last moved on-chain, divided by the number of coins in circulation. This metric at $51,888 has now climbed above bitcoin’s 200-week moving average (200WMA), a long-term trendline often seen as a...
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