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Fast Take
An in depth examination of Bitcoin’s buying and selling habits reveals a pivotal worth degree round $26.6k. During the last three years, cohorts from 2020, 2022, and 2023 have recorded realized costs intently aligning with this benchmark. Particularly, in 2020 the realized worth was $26.6k, in 2022 it was $26.8k, and in 2023 it’s at the moment $26.3k.
This demonstrates the significance of the $26.6k degree as a major monetary marker in Bitcoin’s buying and selling. The 2023 realized worth degree has persistently served as a help degree all through this 12 months, reinforcing this worth level’s strategic position.
Nonetheless, an outlier on this pattern is the 2021 cohort, which is recording a realized worth degree round $35,000, marking a loss relative to the present buying and selling worth. Importantly, since October 2022, this cohort’s realized worth degree has been on a downward trajectory. This lower suggests a shift in market sentiment and buying and selling habits amongst this specific cohort.
The submit Bitcoin’s pivot round $26.6k: key worth degree shapes buying and selling habits appeared first on CryptoSlate.
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