**Bitcoin slides below $70K, breaking daily channel and key support**
- The price now trades around $65,500 after breaching the ascending channel, the 100‑day moving average near $78K and the 200‑day moving average near $73K.
- If buyers cannot retake the $70K zone and then the $73K region, the next demand area is around $63K, with the $60K June‑July low acting as a stronger floor.
- On‑chain data shows the Adjusted SOPR metric back below 1 (≈ 0.995), meaning coins moved on‑chain are now being spent at a loss, a signal that has historically appeared near local bottoms.
**What level do you see as the decisive floor for Bitcoin’s correction?**
#Bitcoin #Crypto #MarketAnalysis #OnChainData #MacroEconomy
- The price now trades around $65,500 after breaching the ascending channel, the 100‑day moving average near $78K and the 200‑day moving average near $73K.
- If buyers cannot retake the $70K zone and then the $73K region, the next demand area is around $63K, with the $60K June‑July low acting as a stronger floor.
- On‑chain data shows the Adjusted SOPR metric back below 1 (≈ 0.995), meaning coins moved on‑chain are now being spent at a loss, a signal that has historically appeared near local bottoms.
**What level do you see as the decisive floor for Bitcoin’s correction?**
#Bitcoin #Crypto #MarketAnalysis #OnChainData #MacroEconomy
