crypto sunmoon

Bitcoin Reaches a Strong Support Line Where Buying Pressure May Flow In

The current range can be viewed as the first retest confirming an uptrend since the break of the downtrend, measured against the Short-Term Holder Realized Price, which has marked meaningful support/resistance zones across both bull and bear cycles. A similar setup was also observed when the 2022 bear market bottom was completed, at the starting point of the 2023 bull market.