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Speaker 1: These are the two most important levels for Bitcoin right now, and almost nobody is talking

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Speaker 1: about them. This orange line is the average price paid by everyone who bought Bitcoin 6 to

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Speaker 1: 12 months ago. This blue line is the same thing for buyers from 1 to 2 years ago. In other

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Speaker 1: words, it is their break -even price. And look what happens every single time Bitcoin gets

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Speaker 1: there. January, price hits the orange line and gets rejected, down more than a third. May,

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Speaker 1: it hits the blue line, rejected again, down about a quarter. Why? Because people who've

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Speaker 1: been underwater for months sell as soon as they get back to breakeven. And this month, the

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Speaker 1: one to two -year holders started selling into the rally again. So right now, Bitcoin is

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Speaker 1: stuck under its top buyers. But here's the bullish part. If Bitcoin breaks above 87 .7

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Speaker 1: thousand and then 99 .5 thousand, those sellers are gone. That supply gets absorbed, the

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Speaker 1: selling pressure disappears, years, and that is when we can expect the bull run to really

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Speaker 1: take off. Until then, these two levels are the ceiling. Watch them.