Onchain cost basis data suggests $60,000 is a critical support, with deeper historical support near $54,000. Bitcoin recently held the 2023 realized price around $63,700 as support, echoing similar behavior seen during multiple corrections in 2023. The broader realized price sits near $54,300, a level historically breached in bear markets, making it the next major downside support if $60,000 fails. Bitcoin recently found support at a key onchain metric — the average realized price for a specifi…
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