Bitcoin (BTC) Poised for a June Surge: InvestAnswers Reveals the Game-Changing Catalyst
According to a popular crypto strategist known as the anonymous host of InvestAnswers, Bitcoin (BTC) might experience a significant surge next month thanks to a historical bull signal. The trader explains that when Bitcoin’s realized price (RP) surpasses the long-term holder realized price (LTH RP), it often leads to a substantial rally. The RP represents the average value of all BTC based on their purchase price, while the LTH RP signifies the average acquisition price of coins held outside exchange reserves that haven’t been moved for 155 days. Interestingly, the flip between these two prices has occurred in June in the past, except for 2012. The trader suggests that if this pattern repeats in June 2023, it could trigger a rally, making it unwise to sell in May or take a short position in Bitcoin.
Clever Robot News Desk 19th May 2023
