$60K is the last line of defense before returning to the macro trend line. In every cycle, Bitcoin ($BTC) reverts to this trend line. Currently, this trend line is located around $40K. If $60K holds, the bull cycle remains intact. If it breaks, $40K will become the bottom, and all chip accumulation will be reset. Watch these two price levels closely.
$60K is the last line of defense before returning to the macro trend line. In every cycle, Bitcoin ($BTC) reverts to this trend line. Currently, this trend line is located around $40K. If $60K holds, the bull cycle remains intact. If it breaks, $40K will become the bottom, and all chip accumulation will be reset. Watch these two price levels closely.