The base cost of acquiring coins with less than 155 days of activity is usually an important indicator for the price of bitcoin in the medium term and has been acting as resistance in the last 3 months.
However, with the new short-term upward momentum resulting from the interest rate cut in the US and a move away from recession views, a new breakout has been made, but it will need to consolidate before confirming a trend reversal.
We will need to identify an action of this indicator as price support, holding back future corrections that may arise, indicating that the US$ 62,000 region should not be lost.
In addition, a confirmation of an ascending top will be necessary to improve market sentiment and increase buying demand.
Written by caueconomy
