The bitcoin bear market has continued on recently as the crypto has failed to keep up any upwards momentum. How low can the price go before a bottom is in? Bitcoin Price Models Put Different Targets For The Cycle Bottom A recent post by CryptoQuant has discussed about the various pricing models for BTC and where they may suggest a potential bottom to be. Before looking at the data of these price models, it’s best to first get a grasp of the major Bitcoin capitalization models. The normal market cap of the crypto is calculated by taking the sum of the entire circulating supply and multiplying it by the current BTC price. Another capitalization method is the “realized cap.” Where this model differs from the usual market cap is that instead of taking the latest value of BTC, it weights each coin in the circulation against the price at which that particular coin last moved, and then takes a sum for the whole supply. Next is the “average cap,” which simply gives us the mean market cap for the entire life of Bitcoin by summing the market cap for each trading day and dividing by the total age of the crypto (in days). Related Reading: Bitcoin Derivatives Reserve Surges Up, More Volatility Soon? Each of these capitalization models can be divided by the total number of coins in the circulating supply to give their own “price” (which, in the case of the market cap, will of course naturally be the...
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