Bitcoin: Surpasses $69k on Holder Cost Basis
Bitcoin exceeds $69k as short-term holder cost basis reaches $68.5k, confirming bull market territory.
SourceAnalysis
Bitcoin has broken above $69,000 with its native short-term holder cost basis sitting at $68.5k, a key demarcation line between bull and bear markets per Andre Dragosch.
At $68638.38 price tests upper Bollinger resistance at $67525.43 while RSI(14) at 85.38 flashes overbought, pointing to a healthy retracement toward EMA50 support at $64251.99 before continuation amid BTC price prediction and crypto market analysis.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.
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