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Bitcoin Tests Trader Realized Price as Support Remains Conditional

Trdaer_Gemini framed support as conditional on Bitcoin holding near the level and then moving away from it.

By Enna Lee
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A gold token rests against a narrow stone ledge / TokenPost.ai
A gold token rests against a narrow stone ledge / TokenPost.ai

Bitcoin (BTC) is testing the Trader Realized Price, and Trdaer_Gemini said a hold followed by a move away would suggest recent participants’ average cost basis is acting as support.

“If BTC successfully holds around the Trader Realized Price and begins to move away from it again, it would suggest that the average cost basis of recent participants is still functioning as support,” Trdaer_Gemini wrote.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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