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Bitcoin's cost-basis heatmap highlights the importance of $85K support. 976,000 BTC worth $83 BILLION were bought here, making it one of the strongest demand zones on the chart.

#BTCUSDT 1D CHART ANALYSIS UPDATE 🪙 The roadmap has not changed since last update but since we did not get the momentum we expected above 89.5k level to start the new ascending leg, price may need another pullback to the highlighted zone. 🐍  Now if buyers support this zone with proper momentum, we may finally see the bullish move start.

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#BTC again getting rejected and it was expected as it was getting a large wick from top and dropping now. LTF shifted bearish again and can moved lower back to support now.

Although BTC dropped in today, you can see that most altcoins are trading sideways, and some are even performing well 😉

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👀CryptoQuant warns Bitcoin may be entering a bear market, with possible pullbacks to $70K or even $56K.

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