Kri
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🚨 The make or break line for #Bitcoin is right here. 🚨
$BTC is sitting just above $111K, that’s the average price paid by people who bought during the May July rally.
If it stays above this level, those buyers stay calm.
But if it drops below... a lot of them will be in loss and that’s usually when panic begins.
We’ve seen this before, when BTC breaks below the cost basis of recent buyers, price tends to drift down for weeks or even months.
This is a crucial level.
What happens here tells you how strong this market really is.
$BTC is sitting just above $111K, that’s the average price paid by people who bought during the May July rally.
If it stays above this level, those buyers stay calm.
But if it drops below... a lot of them will be in loss and that’s usually when panic begins.
We’ve seen this before, when BTC breaks below the cost basis of recent buyers, price tends to drift down for weeks or even months.
This is a crucial level.
What happens here tells you how strong this market really is.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
