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Revisiting key valuation models, Bitcoin has entered unfamiliar territory as speculative activity rises in this mild bearish phase. The first major defense zone is the Active Investors’ Realized Price at ~$88.6K, marking the cost basis of recently active holders and a likely mid-term range.



But a clean break below this level would be the first drop below active-investor cost basis this cycle a strong signal that bearish momentum is firmly in control.

#TopGainersInADownMarket #FOMCMeetingMinutesComingUp #LaunchTokensOnSquareToGrab$1,000
BTC-2.49%
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