Bitcoin is currently trading below a critical 0.95 cost basis level, according to data from Glassnode. This development raises the risk of Bitcoin's price moving to a range between $105,000 and $90,000 if the cost basis level is not regained. The cost basis is a significant indicator used by traders to assess potential price movements and market sentiment.
Bitcoin Trades Below Key Cost Basis, Risking Drop to $90K
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