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📊 Amid the correction, Bitcoin's True Market Mean indicator fell below the market price for the first time in two and a half years. The metric shows the average price at which investors purchased coins, excluding miners.
Analyst Keith Alan predicted a double bottom could be forming at around $74,000. This zone coincides with the April 2025 support line—the very levels Bitcoin fell to during the current sell-off.
However, MN Trading founder Michael van de Poppe noted that the RSI on the weekly chart of the leading cryptocurrency against gold fell below 30.
"[...] this is a signal [of a trend reversal] that triggered during the bear market lows of 2015, 2018, and 2022. And it's triggering again," the expert added.
#btc $ETH #usdt #gold #silver. #ltc $GT $XRP