#WinGoldBarsWithGrowthPoints


$BTC Approaching a critical moment.
The accumulation group has now moved for 30 days underwater, with the cost basis of $78,200 shifting from support to resistance. Any move back to this area may face increasing selling pressure from owners looking to exit at break-even.
On the downside, the owners' cost basis for 1 to 3 months remains at $71,400 as the strongest near-term support. This group still holds profits, creating a strong incentive to defend the level.
As long as $71,400 holds, the bulls still have a basis to build on. Reclaiming the $78,200 level would be the first sign of a return of strength.
Focus remains on these levels, as the next major move is likely to be determined here.
BTC-2.56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned