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The strongest historical support for Bitcoin is not just a single line.
It is when multiple cost basis models start stacking on top of each other.
Right now, the entire deep value cluster is in a narrow range of $49K–$54K.
These levels could be tested with a squeeze.
But I do not expect us to drop below $56,000 for more than a week.
Low activity from large players acting as "sellers" also indicates this.
$BTC