When analyzing short-term Bitcoin investors, their average cost shows two important levels to watch.
- Investors holding Bitcoin for less than 155 days are considered short-term. Currently, we are focusing on the costs of those holding for very short terms:
- 1 week - 1 month: $99,730
- 1 month - 3 months: $81,622
These two levels can serve as resistance and support thresholds. Particularly, it is important for investors holding Bitcoin for less than 1 month to achieve profits.
Why is this important? When these investors are profitable, their success stories can attract more newcomers to the market, creating a positive feedback loop.