Analysis: BTC approaches the "historical average turnover cost" line; if it falls below, it may enter a deep bear phase.

On February 23, crypto analyst Murphy stated that BTC is currently fluctuating around $65,000, a level close to a key psychological and cost support line for the bulls in this range. If it effectively breaks below this level, it could indicate that the current downtrend will continue to deepen into a bear market.

BTC-2.49%
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