Bitcoin is just above both the two biggest support levels, 200WMA ($61.3k) and realized price ($53.8k). In 2015,2018 and 2022, bitcoin went straight through the realized price on the first go. This cycle it stayed above it, so far hasn't gotten near it. Typically, in the deep part of the bear market, the realized price trends below the 200WMA, like in 2020 and 2022. At this point it is definitely possible BTC can drop below the realized price but it looks different to 2022.(James Van Straten)