€20,000 is widely considered a key psychological level for Bitcoin as it puts BTC above its 2017 high and a clear level to defend.
By identifying the minimum price of Bitcoin, investors can maximize their capital efficiency and skew the balance of risk and reward in their favor, achieving the highest possible upside with the lowest possible risk of downside.
Glassnode, the prominent on-chain market intelligence platform, recently published a report attempting to identify the upper and lower limits of Bitcoin's bottom using a variety of floor indicators.
The data indicates that the bottom is close, very close, and could be found before February 2022.
realized price
The realized price of a cryptocurrency is the average price that holders paid for their coins/tokens at the time of purchase; the average of the sum of these values produces the realized price.
If the realized price is higher than the current spot price, the holding community has an overall profit, while if it is lower, they have an overall unrealized loss.
The first situation means that there are still profit-seeking players who could exit their positions and drive the market lower, while the second indicates that selling activity is likely to be minimal as few holders want to sell at a loss.
According to the Glassnode live workshop, the realized price of Bitcoin is currently around €21,100.