Bitcoin Accumulation Zone Found Near $66K, Potential Buying Opportunity Emerging

Bitcoin is currently trading near a significant support level, below the average purchase price of long-term investors holding for 1-2 years. This accumulation zone has historically emerged as a strong signal for potential market growth. Long-term holders are currently in profit, with their average entry point hovering just under $66,000 – a price point that often indicates shifts towards accumulation phases. Historical patterns suggest this level is likely to attract further buying activity when the market dips below it.