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Ran Neuner: Bitcoin trades below key breakeven levels for holders
Ran Neuner, founder of Crypto Banter, reports that Bitcoin has dropped below several key breakeven levels.
The cryptocurrency is now trading lower than the True Market Mean at $78.3K, the Short-Term Holder Cost Basis at $78.6K, and the combined exchange-traded fund cost basis at $83K. According to Neuner, holders who recently returned to profit must now reevaluate their positions as Bitcoin's price declines.
Neuner previously stated that $60,000 marked the bottom for Bitcoin in an earlier commentary on the market’s outlook, referencing insights from Anthony Pompliano on Bitcoin and altcoins. He has also announced an upcoming full interview with Binance founder CZ, who will share a new perspective in a feature to be published soon on Binance leadership. These reports provide further context to Neuner’s ongoing market updates.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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