Bitcoin (BTC) is currently at a 10-week low, causing panic among investors. However, Philip Swift, the creator of LookIntoBitcoin and co-founder of DecenTrader, urges investors to ignore the panic and focus on the long-term strength of Bitcoin. Despite the possibility of Bitcoin dropping to $20,000 in the coming months, Swift still believes in its bullish higher timeframes. He explains that Bitcoin is performing well and has shown clear breakout above Realized Price, which refers to the aggregate price at which the BTC supply last moved. In addition, market participants are demonstrating signs of exhaustion, suggesting big moves are coming in the future.
Bitcoin holds $20K realized price as analyst eyes ‘big moves coming’
