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Analyst: $75,000 is the current defensive zone for Bitcoin bulls
The market generally believes that any bearish move caused by the Fed's unchanged interest rate has been priced in the price of bitcoin. James Check, an analyst at Onchain, noted that Bitcoin's true bottom is at its true market average, the average cost base for active investors – around $65,000, adding: "$75,000 is the area where Bitcoin bulls are defending in the current market, and if the defense is not successful, the next step is to go back to the liquidation consolidation zone and see how far we can go in the end." ”（Cointelegraph）