Galaxy Research Director: Bitcoin may retest the $75000 to $85000 range, with support at $81,600
According to online reports, Galaxy research director Alex Thorn issued a statement saying,"Based on the last supply of bitcoin transferred by price (URPD) analysis, there are almost no transactions in the $75,000 to $85,000 range because prices quickly broke through this range in November, and the market may want to test this range." The 200-day moving average (MA) is $81,600, which could provide support if prices backtest this range."
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