$BTC is sitting around $63,000
This is where the important levels get interesting:
200WMA: ~$62K 🟢
Realized Price: ~$54K 🟢
STH Cost Basis: ~$77K 🔴
All ETF Cost Basis: ~$83K 🔴
We are currently sitting just above one of Bitcoin’s most important long-term technical levels.
Hold the 200WMA, and the bottoming thesis stays alive.
Reclaim $77K-$83K, and the market structure changes completely.
This is where the important levels get interesting:
200WMA: ~$62K 🟢
Realized Price: ~$54K 🟢
STH Cost Basis: ~$77K 🔴
All ETF Cost Basis: ~$83K 🔴
We are currently sitting just above one of Bitcoin’s most important long-term technical levels.
Hold the 200WMA, and the bottoming thesis stays alive.
Reclaim $77K-$83K, and the market structure changes completely.