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An analyst has explained how a crossover between these two Bitcoin metrics would have to happen before the ‘fun’ can begin for the asset. Bitcoin Realized Price Is Yet To Flip 200-Week MA In a new post on X, analyst James Van Straten has discussed about the Realized Price and 200-week moving average (MA) for Bitcoin. The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the cost basis or acquisition price of the average investor on the BTC network. When the spot price of the cryptocurrency is greater than this metric, it means the holders as a whole are in a state of net unrealized profit. On the other hand, it being under the indicator suggests the overall market is holding loss. The 200-week MA, the other metric of interest here, is an indicator from technical analysis. An MA is a tool that calculates the average value of a given quantity over a specified time period and as its name implies, moves with time. MAs are useful for studying long-term trends, as they remove all the short-term kinks out of an asset’s price chart. Certain MAs are considered to carry more significance than the other, with one such period being 200 weeks. Below is the chart shared by the analyst that shows the trend in the Bitcoin Realized Price and 200-week MA over the past several years. As is visible in the graph, the Bitcoin Realized Price fell under the 200-week MA back during the 2022 bear market. Since then, the metric has remained under the line, but recently, it has been fast approaching a retest. From the chart, it’s apparent that previous crosses for the indicator above the MA led to full-blown bull runs for the cryptocurrency. “When the realized price flips the…