Short-Term Holders’ Average Buy Price: Key to Bitcoin’s Next Move
The average buy price of 1-3 month Bitcoin holders has historically acted as a critical support and resistance level. Breaks above this price often lead to bullish trends, while failures to do so signal bearish movements.
Recently, Bitcoin struggled to break this level at $73K, resulting in a bearish shift. Now, with the U.S. Fed's 50bp rate cut announcement, Bitcoin is once again testing this crucial metric.
Watch closely—this could be the key to Bitcoin’s next major move!
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