MarketPR
Bitcoin ($BTC) has been carving out a price floor in the vicinity of $60,000, a level the market is watching as potential support.
On-chain data, however, tells a more cautious story: the signals that have historically marked bear-market bottoms have not yet appeared, according to reporting from Cryptonews.net.
What the Price Action Shows A floor near $60,000 is not the same as a bottom.
Price consolidation at a given level can mean buyers and sellers are reaching temporary equilibrium, or it can mean sellers are simply pausing before the next leg down.
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