Analyst: $75,000 may be the current defense area for Bitcoin bulls

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ODAILY
04-17
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Odaily Planet Daily News The market generally believes that any bearish trend caused by the Federal Reserve's unchanged interest rates has been reflected in the Bitcoin price. Onchain analyst James Check points out that Bitcoin's true bottom is at its real market average, which is the average cost basis of active investors - around $65,000. Short sellers will try to defend the resistance level at $86,000, which increases the possibility of the price breaking below $80,000 and creating a new low. James Check added: "The area around $75,000 is where Bitcoin bulls are currently defending, and if they fail to defend successfully, the next step will be to return to the liquidation consolidation interval to see how far it can ultimately go." (Cointelegraph)

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