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James Van Straten identifies two key technical levels for Bitcoin.
According to Van Straten, the short-term holder cost basis is currently $69k, which serves as a first line of support. He also points to the 200-day moving average at $73k as the next level to watch.
Van Straten recently highlighted a period when gold posted its worst quarter in 13 years as the S&P 500 reached a six-year high and Bitcoin fell for three consecutive quarters, according to his market summary. He has also analyzed Bitcoin metrics including long-term holder realized price and MVRV, stating that these do not yet confirm a market bottom in a separate report. The technical levels identified today follow ongoing scrutiny of risk factors across asset classes.