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🤔 Bitwise believes Bitcoin could drop another 20% from current levels Ke…
🤔 Bitwise believes Bitcoin could drop another 20% from current levels Key support levels: ⊹ $61,000 – 200-week moving average. ⊹ $56,000 – BTC realized price. ⊹ $48,000 – average purchase price of long-term holders (the “maximum pain” scenario). The Head of Research at Bitwise Europe noted that some signs of a potential market bottom are starting to appear. However, most on-chain indicators have not yet reached the levels typically seen during previous market lows.
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