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Bitcoin rallies are cohesive with multiple metrics now

With Bitcoin’s price gathering positive momentum in its price charts, some of the important metrics were beginning to witness a shift. The largest digital asset recently breached over the $11,500 once again and it is currently marching towards a re-test of the $12,000 resistance. With the price climbing the valuation ladder, the Glassnode indicated that the asset’s realized price reached an all-time high. Realized price, which is different than the realized market is estimated by dividing the realized cap by circulating supply. An increasing realized price for Bitcoin suggested that the distribution of BTC is taking place, with buyers coming…

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