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Edition 2026-06-30

CRYPTO

Bitcoin Trades Below Key Onchain and Technical Levels, Remains under $60,000

Bitcoin traded at $59,467.50 on June 29, 2026, staying below $60,000 and key onchain and technical levels.

By coindesk · 118d ago · Source: coindesk

Full article

Bitcoin traded at $59,467.50 on June 29, 2026, staying below $60,000 and key onchain and technical levels.

The True Mean Price was estimated at $76,300, the 200‑day moving average at $75,500, the 128‑day moving average at $70,900, and the Short Term Holder Cost Basis at $69,600.

Additional metrics included the Long Term Holder Cost Basis at $49,900, the Coin Time Price at $51,700, and the Realized Price at $53,200.

These levels represent various onchain and technical benchmarks that historically have acted as support or resistance.

In past bear market cycles, Bitcoin has traded about 5‑10 % below these metrics, suggesting a potential downside target around $45,000 if the pattern repeats.

Whether the price will recover above these thresholds or continue to decline remains unclear.

Source transparency

Publisher
coindesk
Reliability
high
Published
6/30/2026, 10:00:22 AM
Retrieved
6/30/2026, 10:00:22 AM
Relevance
80%
Confidence
85%
Read original at coindesk

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