Of course bitcoin can still drop below realized price ($53k), like it did in every bear market bottom.
But Oct $126k top was not the cycle top IMO. Based on stock-to-flow valuation, BTC could still go to $500k ($250k - $1m range) .. this cycle (2026-2028!
Patience
🔵 Only ~50% of #Bitcoin is in profit right now.
How long will BTC stay stuck in this blue zone?
It could take a couple more months… but once this metric flips back to 🟢, a new bull cycle begins.
History is clear on what happens next 👀
JUST IN:
Elon Musk says:
"Bitcoin is based on energy.
It is impossible to fake energy."
The world's richest man is once again making the case for Bitcoin. 🚀
Bitcoin will likely bottom BELOW Realized Price (~$53k), just like it did in EVERY previous bear market.
Right now the grey Realized Price line has been glued to the black 200-week Geometric MA line since 2023.
What do you think: new low incoming or different this time?👇