Analyst: $75000 is currently the defensive zone for Bitcoin bulls

Odaily Planet Daily News: The market generally believes that any bearish trend caused by the unchanged Federal Reserve interest rates has already been reflected in the price of Bitcoin. Onchain analyst James Check pointed out that the true bottom of Bitcoin is located at its true market average, which is the average cost base of active investors - about $65000. He added, "$75000 is the area where Bitcoin bulls are defending in the current market. If they cannot defend successfully, the next step will be to return to the liquidation consolidation zone and see how far they can go in the end." (Cointelegraph)