Analyst: $75,000 is the current defense area for Bitcoin bulls

Odaily News The market generally believes that any bearish trend caused by the unchanged Fed interest rate has been reflected in the Bitcoin price. Onchain analyst James Check pointed out that the real bottom of Bitcoin is at its real market average, that is, the average cost basis of active investors - about $65,000. He added: "$75,000 is the area where Bitcoin bulls are defending in the current market. If they cannot defend successfully, the next step will be to return to the liquidation consolidation range to see how far they can go in the end." (Cointelegraph)