📉 Bitcoin's price is currently hovering between $60,000 and $64,000, reflecting market uncertainty, according to blockchain research firm Glassnode. Despite this, the majority of the market remains profitable, largely thanks to long-term holders.👏

The critical range for Bitcoin is between $58,000 to $60,000. A breach here could put many short-term holders into loss. Glassnode advises investors to keep a close eye on the market, as movements around key levels like $64,000 could indicate the next range expansion.🔍

Interestingly, historical data suggests July could be a positive month for Bitcoin, with an average increase of almost 8% following a red candle close in June.🚀

What are your thoughts? Share in the comments below!👇