bitcoin It is currently trading below $60,000, placing it in “no man’s land,” a zone where the price sits between the chain’s main support and resistance levels. BTC has failed to reclaim several important technical and on-chain thresholds, so the path of least resistance appears to remain to the downside.
Several key valuation metrics now sit above the current price. The actual median price, currently around $76,300, estimates the average cost of coin acquisition after adjusting for lost or idle supply, providing a more accurate measure of the network’s economic cost basis.
The 200-day moving average at $75,500 is a widely followed technical indicator that smoothes out price action over the past 200 days and is often used to distinguish long-term bullish and bearish trends. The 128-day moving average of $70,900 tracks bitcoin’s intermediate trend, while the short-term holder’s cost basis of $69,600 represents the average purchase price of investors who have held bitcoin for less than approximately 155 days.
