🐉Bitcoin broke down through all resistance at $60.000
The whales loaded up aggressively.
- We’ve lost the Power Law support at $59k
- We broke the 200-week moving average ($62.400).
- In the order books, significant buy-side liquidity is building between $55.000 and $53.000.
The market is now looking for the bottom of this cycle between two key levels:
- The 300-week moving average at $54.600
- The Realized Price at $53.244
Note: The Realized Price represents the average price at which all the bitcoins currently in circulation were bought.
We’re in the best area of the cycle to execute a DCA strategy.
$BTC #Bitcoin
The whales loaded up aggressively.
- We’ve lost the Power Law support at $59k
- We broke the 200-week moving average ($62.400).
- In the order books, significant buy-side liquidity is building between $55.000 and $53.000.
The market is now looking for the bottom of this cycle between two key levels:
- The 300-week moving average at $54.600
- The Realized Price at $53.244
Note: The Realized Price represents the average price at which all the bitcoins currently in circulation were bought.
We’re in the best area of the cycle to execute a DCA strategy.
$BTC #Bitcoin