🚀🔥 Attention crypto-enthusiasts! Bitcoin reaches a new crucial milestone! 🔥🚀
Bitcoin (BTC) currently finds itself at a turning point, struggling to maintain a key uptrend line, lost for the first time in almost a year in June. According to data from CryptoQuant, the BTC price is retesting the realized price of short-term holders (STH), a key cost basis during a bull market.
STH activities, which include speculative holders holding their BTC for 155 days or less, provide long-term price support. Since the start of the last bull market in 2023, BTC/USD has only briefly fallen below this threshold. Currently, short-term holders are no longer suffering losses, a positive sign according to J. A. Maartunn of CryptoQuant.
En effet, chaque fois que Bitcoin a retrouvé son prix réalisé STH depuis 2023, cela a généré des profits d'au moins 30 %. Toutefois, d'autres sources estiment ce prix réalisé à des niveaux légèrement différents, Glassnode le plaçant à 64 300 $.
🔍 Be careful with low volumes:
Aksel Kibar, a trader and former fund manager, sees upside potential despite resistance at 65K, highlighting a possible breakout. However, JT, another crypto trader, warns of below-average trading volumes, contrasting with recent lows at $53,000.
This content does not constitute investment advice. Every investment and trading move carries risks. Do your own research before making a decision.
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