Data: Bitcoin Has Regained Key Support Level
According to ChainCatcher, citing on-chain data analytics platform Glassnode, bitcoin has reclaimed the 0.85 cost basis range, turning this key risk level into a support level.
Data shows that if buyers can hold this area, market momentum is expected to rebuild from here; however, if this level is lost again, the market may retest lower regions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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