Bitcoin at $70 per kg At $70 per km.

With the control level near $70,000 and $900,000, moving with $90,000 and $90,000 indicates that BTC is moving in the new territory.

Bitcoin (BTC) has stopped at the psychologically significant 90,000 level, which is less than six months below $81,000.

According to the analyzed Cryptonschin, this breach indicates a new level of adjustment to the digital asset, a new major battle zone in the direction of the market.

A market in correction

The decline is more than 6% in the last 24 hours from the previous month to the last month.

This triggered liquidity for the market from the levels since April. Selling pressure from long-term carriers, long-term carriers, analysis companies have moved to the hedge exchange, the previous adopter of Bitcoin, Wedin.

A large selling unit with a value of 1.3 billion dollars was 1.3 billion dollars.

When the number is below 90,000, the break is technically moderate, and a new trade range (new trade range) is between $70,000 and $90,000.

The point of control (POC), the price level with the highest trading volume, can act as a magnet that leads to a period of consolidation. However, the main focus for many is the strong assumption of support that awaits below.

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A possible way to happen

According to Cryptoonchinin, the most important place for traders is $70,000-$73,000. This zone is not only the main technical level, the importance is mainly information related to the average cost of the deck or the selected price, which corresponds to the average purchase cost or the selected price.

The parameters shared by the professional range from 100 to 1,000 BTC and carry a collective cost of approximately $71,000. Historically, when the market price is approached by the average purchase price of major wealthy investor groups, they often buy more to defend their position by creating a strong support floor.

Following the collapse of the methane platform on November 20, the market sentiment shows continued fear. Social media is filled with a mixture of people who are taking more losses and need to curb negative attitudes.

A real market integration is often presented when retail integration is surprisingly visible for prices below $70,000, which is enough when data dives below $70,000 are seen.