#Bitcoin is approaching the True Market Mean🟠 again which currently stands at ~$77k This average calculates investor capitalization divided by active supply — if #BTC price is below🔻 this average it means that active investors, on average, are at loss. This region is main short-term support level🟩 — the initial expectation is that it will act as support if price continues to pull back. If this average is broken, it’s a sign that active investors are in red increasing the likelihood of panic selling, a rush for liquidity and forced liquidations of leveraged positions🩸 — technically, that’s what I want to see for a new higher low to form.
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