#BTC rebounds. Bulls return?

CryptoQuant Analyst Gives Critical Level for Bitcoin: If Broken, the Path is Open!
CryptoQuant's Research Director Julio Moreno has revealed the critical level for Bitcoin (BTC).

CryptoQuant's Research Director Julio Moreno analyzed Bitcoin in a social media post dated May 16. Moreno, who analyzes the profit/loss situation of short-term investors based on realized prices, said that $66,000 is a critical level for Bitcoin.

The experienced individual who stated that the level of 66 thousand dollars corresponds to the realized price zone of short-term investors and currently serves as a significant resistance, emphasized the importance of closely monitoring this level. In the event of a break above 66 thousand dollars, it implied that the price could aggressively move upwards.
The analyst, who stated that this group of investors made maximum profit when the price reached $74,000, but they are currently at a break-even point, emphasized that short-term actors who sell at this point will only incur losses.

If short-term investors hesitate to sell, it implies that the price could comfortably break the $66,000 range.
#ContentStar #Gate post Highlights
#HotTopicDiscussion #BountyCreator
#GateLive #NewsMessenger