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$BTC | @Bitcoin
Bitcoin finding support at the bottom of the "Cost of Production" Zone.
This was the bottom in 2022.
At the same time, we found support at the 200W SMA.
The deepest we've ever dropped below that SMA has been 36%, in 2022.
It also dropped 30% during the Covid crash.
That puts BTC at worst case $39,500
Barring any more geopolitical turmoil, I don't think we drop that low.
Let's see if this area wants to hold.