An Important Level for Bitcoin!
Dear friends, Bitcoin: Short-Term Holder Realized Price, the Onchain indicator that I follow and acts as a good support and resistance for #Bitcoin, shows the level of 64356.
What Does It Mean
Bitcoin's Short-Term Holder (STH) Realized Price metric shows the average price paid by short-term investors (typically those who purchased Bitcoin within the last 155 days).
Therefore, medium-long-term upward signs will be healthier in daily closings that will be above the level of 64356, which is the level shown by this indicator.
Additionally, Bitcoin: AASI (Active Address Sentiment Indicator), an onchain indicator I follow, shows that the level I mentioned above is an important resistance.
If you look at the image, the orange line is moving towards the dashed green line. Daily closes above the line will indicate a strengthening of the upward trend in weekly time frames.
Via: CryptoPNZ