{"id":137212,"date":"2024-09-14T13:00:38","date_gmt":"2024-09-14T10:00:38","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137212"},"modified":"2024-09-14T01:46:44","modified_gmt":"2024-09-13T22:46:44","slug":"heres-the-next-crucial-support-level-for-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/heres-the-next-crucial-support-level-for-bitcoin\/","title":{"rendered":"Here\u2019s the Next Crucial Support Level for Bitcoin"},"content":{"rendered":"<p>Cryptocurrency analysis platform Alphractal has pinpointed $46,460 as a potential new support level for <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The level around $46,460 could become the next price floor for Bitcoin in the near future. This value represents the True Market Mean Price, a metric that reflects the network\u2019s weighted average price.<\/p>\n<p>We\u2019ve previously discussed the significance of the True Market Mean Price and\u2026 <a href=\"https:\/\/t.co\/SSEJjlASsz\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/SSEJjlASsz<\/a> <a href=\"https:\/\/t.co\/79XzQhmdh2\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/79XzQhmdh2<\/a><\/p>\n<p>\u2014 Alphractal (@Alphractal) <a href=\"https:\/\/twitter.com\/Alphractal\/status\/1834304252719890446?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 12, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In their latest update, Alphractal described this amount as the \u201cReal Market Average Price,\u201d which gauges Bitcoin\u2019s average network price.<\/p>\n<p>This metric has historically played a significant role, such as during the \u201cChina Dump\u201d in May 2021, where it helped Bitcoin stabilize for two months before reaching new highs.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/anthony-scaramucci-talks-meeting-with-michael-saylor-and-new-bitcoin-book\/\" title=\"Anthony Scaramucci Talks Meeting with Michael Saylor and New Bitcoin Book\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/05\/reading-book-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Anthony Scaramucci Talks Meeting with Michael Saylor and New Bitcoin Book<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Alphractal also noted that Bitcoin\u2019s demand has significantly decreased since March 2024, with market makers seemingly pushing prices lower.<\/p>\n<p>Given these conditions, they recommend closely tracking the Real Market Average Price. This measure, they argue, is a more dependable indicator than the Realized Price, as it does not include coins related to mining activities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Bitcoin surged past $60,000 following the recent price slump, an analytics platform suggested where Bitcoin&#8217;s bottom might be.<\/p>\n","protected":false},"author":7,"featured_media":22026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72],"class_list":["post-137212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Here\u2019s the Next Crucial Support Level for Bitcoin<\/title>\n<meta name=\"description\" content=\"As 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