$BTC The Balanced Price is currently sitting around $40,000. This model marks a deep on-chain support zone that has acted as a floor in every previous bear market. The three green zones on the chart show where price dropped to or below this level, each time marking a structural low. Right now it is a reference point, not an active signal. It becomes relevant if we see a deeper drawdown. If price moves toward $40,000, we cross-reference this level with Elliott Wave structure to assess whether a meaningful turning point could be forming nearby. #Bitcoin
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