Bitcoin Price Could Explode In June Thanks To This Catalyst

It’s been just revealed that the price of Bitcoin could explode in price during the next month. Check out the latest reports about this below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $26,874.

Accoridng to the latest reports, it seems that a really popular crypto strategist says that Bitcoin (BTC) could take off next month as a result of one catalyst.

The anonymous host of InvestAnswers said recently that a historical bull signal is on the verge of occurring again.

According to the trader, when Bitcoin’s realized price (RP) crosses above the long-term holder realized price (LTH RP), the crypto king tends to fly.

The RP is the value of all BTC at the price they were bought, divided by the number of coins in circulation. The LTH RP is the average on-chain acquisition price for coins held outside exchange reserves and that have not moved in the past 155 days.

The trader said the following:

“There is a Bitcoin catalyst that many people are talking about right now and this is the history. If you look at the [Glassnode] chart here … Now the blue line represents the long-term holder realized price, and the yellow [line] is the Bitcoin realized price.”

He continued and pointed out this:

“And the reason this is a catalyst is for the realized price to get above the long-term holder realized price, and this is about a $600 difference now, each time this happens, each time the flipping occurs, i.e. the blue gets above the yellow, it typically results in a big rally.”

As noted by the online publication the Daily Hodl, he said: “Now, the other really interesting thing about this is this always happens in June, with the exception of 2012 when Bitcoin was very new. It happened in August 2012.”