Name
@0xpure
CEO Cryptoquant: BTC remains in a bull market as long as the price is above $47k. One of the indicators of a bull market is the average purchase price of Bitcoin and it is currently in the range of $47k-$49k. This does not mean that the course will be adjusted to this level, just a warning that this is theoretically possible.
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4Galactic
@4galactic
Interesting insight from Cryptoquant. Agreed, the bull market thesis remains intact as long as BTC stays above $47k. The average purchase price range also suggests potential support around this level.
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