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Bitcoin falls below speculators buy price
Bitcoin has pulled back slightly to around
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Bitcoin has pulled back slightly to around $77,000 after trading below $76,500 earlier today. According to CryptoQuant, $77,700 is the cost basis for those who bought the asset in the last three months — the most speculative and price-sensitive cohort of traders. Price had been holding above that level since August 19, and in bull markets it historically acted as rising support. Now everything is changing. The mechanics of the role reversal are simple. When price drops below the cost basis, a large share of recent buyers
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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