Short-term holders are currently maintaining important BTC price support, but a significant dip to 110,000 USD is anticipated according to new research from Glassnode.
Glassnode forecasts that unless there is a convincing breakout, Bitcoin’s price upside may be limited to around 140,000 USD, with a likely resistance level at approximately 141,000 USD.
The cost basis for Bitcoin investors varies, concentrated between 117,000 USD and 122,000 USD. This accumulation has implications for both the support and future price trajectory.
Leave a Reply