Crypto Analyst: BTC Falling Below $65,000 May Trigger a Deep Bear Market Path

Odaily News Crypto analyst Murphy stated on the X platform that BTC is currently around $65,000, a price level representing the historical average turnover cost after excluding lost tokens. This level serves as a crucial defense line for bulls. Once breached, the current downtrend is highly likely to continue on a deep bear market path. During market downturns, investors should maintain composure, avoid being influenced by negative voices, and validate their perspectives through position management.