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Quinten Francois highlights the current technical landscape for Bitcoin, with BTC trading around $63,000.
He draws attention to several important levels, including the 200-week moving average near $62,000, realized price around $54,000, short-term holder cost basis at approximately $77,000, and all ETF cost basis at about $83,000. According to Francois, Bitcoin is currently positioned just above one of its most significant long-term support levels.
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Francois has previously identified a prolonged accumulation phase for Bitcoin since February, describing a period of weak sentiment and investor opportunity in recent analysis. He also stated that the current Bitcoin cycle represents one of the most obvious market bottoms in the asset’s history, according to an earlier report. These observations add context to his current focus on technical support levels.