$79,200 as the "true average" vs. $55,000 as the bottom... Bitcoin moves into a long-term range without an extreme catalyst.

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On-chain analysis suggests that Bitcoin's price could remain within a trading range below $72,000 (approximately 1.03698 billion won) without finding a clear direction. This warning suggests a resurgence of a pattern similar to that seen in the first half of 2022.

On-chain data company Glassnode, in its weekly report "The Week On-chain" published on February 11, diagnosed that Bitcoin (BTC) is stuck between key "cost basis" levels, and if it fails to recover important support lines, "the range-bound market trend is likely to be prolonged."

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#Bitcoin #BTC #On-Chain Data #Glass Node #Box Recommendation #TrueMarketMinimum #Realized Price #Cryptocurrency Market

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