Bitcoin price threatens $77.7K support loss with recent buyers underwater
Summary
Bitcoin recently dropped past the realized price level of buyers who acquired their coins one to three months ago. This decline puts recent purchasers at a loss and creates a risk that this former support level might turn into new resistance.
Bitcoin fell below the realized price of the one-to-three-month-old buyer cohort in a move that risked flipping it to new resistance.
Source: Read the full story at Cointelegraph.com News
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