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$BTC is still consolidating between the support at $58,000–$59,000 and the resistance at $61,500.
The current support looks strong, and I suspect it won't break before we first absorb some liquidity on the upside.
#btc
The average cost basis for long-term Bitcoin holders is currently around $49,800.
As long as the BTC price remains above this level, the long-term uptrend remains intact.