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Decoding The Possiblity Of Bitcoin (BTC) Price Rally in 2023

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In a recent study from on-chain analytics source Glassnode, the market leader Bitcoin reported extremely low realized volatility to start the 2023 trading year.

The statistic is used to assess how much a price change has occurred over a given range for an asset. Low realized volatility shows a generally steady market and may be a sign that investors are more confident in the asset’s value.

This demonstrated the optimism of many Bitcoin investors over the likelihood of a rally in 2023. However, nothing is guaranteed, and outcomes may not always be as anticipated, particularly given the decreased market liquidity.

Bitcoin has been trading below its realized price since September 2022, according to the pricing model for the cryptocurrency.

This is crucial because, according to Bitcoin’s historical performance, the conclusion of the negative cycle was signaled by a price decline below the realized price

Following the FTX collapse in November of last year, BTC saw a spike in new addresses as people “bought the dip” and took advantage of the price fall. However, Glassnode discovered…

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