MemCast
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Bitcoin's key psychological support levels cluster around $60K
  • The 200-week moving average and other long-term technical levels converge near $60K
  • These levels historically attract strategic buyers who accumulate and hold
  • Current price action suggests we may be closer to a bottom than not, despite recent weakness
JasonEmpire00:04:41

Supporting quotes

Like 60K isn't that far away. Like I don't want to see Bitcoin go to 60K, but like you have a lot of things at 60K, you know, like 200 week moving averages, like tons of that like might entice some longer term buyers to step back into the market. Jason
I just don't see how with with new incoming Fed share with midterms like they there isn't some kind of broad risk rally, you know, engineered some way and Bitcoin would probably be a part of that. Jason

From this concept

Market Sentiment and Bitcoin Bottom

The hosts discuss whether Bitcoin has reached a bottom, analyzing psychological price levels, ETF flows, and the potential for a risk rally ahead of US midterm elections. They debate whether crypto can decouple from equities in a downturn.

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