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The top of the bull that correctly predicts the Bitcoin Summit will be this price according to the data! - Coin Bulletin
A critical data revealed the peak level that Bitcoin can reach in this bull market
According to data provided by CryptoQuant, Bitcoin's "realized price" valuation metric indicates a target of $146,000 for the upper price band. This price band represents levels historically seen at the beginning of cycles in which Bitcoin peaked.
The summit experienced in the months of April-May of 2021 also indicated a similar upper band level. As can be clearly seen in the visual, the realized price bands are progressing in a highly consistent manner with Bitcoin's price cycles.
The impact of the realized price level, especially indicated by the blue line, on the upper bound of Bitcoin price is remarkable.
Current market movements indicate that historical cycles may repeat and Bitcoin could experience a rise towards the upper band level. CryptoQuant's data continues to be an important reference point for investors.