$BTC Where could Bitcoin 2026 bottom out?
Many people ask me: if Bitcoin truly enters a bear market, where could the bottom be? Is it at 60k, 50k, or even lower?
To answer this question, I don’t rely on emotions or guesses. I base it on a very “old” but extremely reliable on-chain indicator during severe downturns: Realized Price.
Simply put, Realized Price is the average price at which all market participants bought Bitcoin. It can be seen as the “average cost basis” of the entire market.
Interestingly, in all previous bear markets, Bitcoin has exhibited a repeating behavior:
the price alway