Bitcoin has been unable to sustain above the short-term investors' average purchase price, indicating a sense of uncertainty among them about what is to come.
It is very natural for them to feel fear due to economic and political news. Their current average purchase price is at 27,800 for short-term investors. The overall average purchase price for all investors is at 20,300, which is now the strongest support level. The key to an upward trend is to hold above 27,800.
Written by abramchart
