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Bitcoin in No Man's Land | Bitcoin and Crypto News
Description
Bitcoin’s stuck in “no man’s land,” trading below $60K while key valuation metrics like True Mean Price and the 200-day MA hover above $75K—creating a bearish technical squeeze. Short-term holders’ cost basis sits at $69.6K, but long-term holders’ at $49.9K, with history suggesting a potential bottom near $45K if support holds. The market’s next move hinges on whether Bitcoin can rally above these levels—or slide toward bear market lows.
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