$BTC has now risen above traders’ key cost basis.
The realized price for traders is around $68,900, with the upper bound near $96,500.
This recovery has held for now, but the real test is whether profit-taking picks up.
If $BTC can hold this cost basis, the recovery remains strong; if it breaks below, the outlook will weaken.
—“Strong if it holds, weak if it breaks” applies at any price.
The realized price for traders is around $68,900, with the upper bound near $96,500.
This recovery has held for now, but the real test is whether profit-taking picks up.
If $BTC can hold this cost basis, the recovery remains strong; if it breaks below, the outlook will weaken.
—“Strong if it holds, weak if it breaks” applies at any price.