With bitcoin testing its 200 week moving average, on-chain data suggests the $50,000 to $54,000 range could become the next key battleground. Bitcoin's realized price, currently around $53,457, has historically been breached during every major bear market before a cycle bottom was established. Large whale cohorts have a cost basis between roughly $49,000 and $54,300, indicating potential support. As bitcoin trades near its 200-week moving average, a long-term support indicator currently si…
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