Facts have proved once again that as long as the dense chip concentration area of 64,000 US dollars to 69,000 US dollars is not broken, the price of Bitcoin will be relatively stable.
Even if it accidentally falls below, it will rebound quickly, because investors in this range have super strong consistency.
This is the sixth time this has happened.
The current trend is very similar to that after March 2023, when 26,000 US dollars was also a very solid support. It may fall below it periodically, but it will rebound easily.
In particular, 60,000 US dollars has gradually become the bottom consensus in everyone's mind.
Finally, let me nag again, not only technical support is called "support", the dense area of BTC in the on-chain data is also called support.
They support not whether the current price will fall, but the psychological support of BTC investors in the dense range. As long as these people do not leave in a concentrated manner, the price of BTC will not show that kind of destructive decline. 👗👇
To put it simply, as long as there is no real bad news, investors in the concentrated chip concentration area will not leave together, so the impact on the price of BTC will be small. 👉BNB0098
And the more concentrated the chip concentration area is, the stronger the attraction is. 😃
