Bitcoin Slips Under $64,000: Here’s Where The Next Support Is
Summary
Bitcoin's price has fallen below $64,000, but it has strong on-chain support between $61,900 and $63,800. This support is based on the cost basis of around 1.23 million addresses for investors who bought 319,700 BTC. These demand zones are important support or resistance levels for Bitcoin, as they influence investor psychology and behavior. The current support zone may help Bitcoin reach a bottom, but it remains to be seen if it will end the recent bearish momentum. As of now, Bitcoin's price is trading around $63,600.
