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Research: If the BTC price stays above the 200-day MA $63.9k, the Rebound has technical significance
Golden Finance reported that Glassnode pointed out in a study released on September 25th that after the Fed’s interest rate cut of 0.5%, BTC has recovered the short-term holder cost base of about 619,000 USD. If the price also remains above the 200-day MA of 639,000 USD, this Rebound may have technical significance. This is because BTC has recovered the short-term holder cost base (619,000 USD) and 200DMA (639,000 USD). In addition, new investors have shown some resilience, with relatively small actual losses, indicating confidence in the overall rise trend. The perpetual futures market has shown a cautious emotional recovery, with demand gradually increasing but still below the levels during a strong Bull Market.