Bitcoin (BTC) rose above $62,000 on September 19, above the realized price of short-term investors (STH), and showed more potential for gains according to on-chain data.

The STH realized price is a metric that calculates the average purchase price of investors who have held Bitcoin for less than 155 days. This acts as support in uptrends because these investors tend to buy when the price breaks above their entry points.

CryptoQuant analyst Avocado_onchain noted that the STH realized price has consistently served as a critical support and resistance level for Bitcoin.

Popular analyst Ercan Sak said that if Bitcoin makes daily closes above this level, the market will remain positive. Coiner-Yadox added that the bull market will resume once BTC breaks above the STH realized price.

Do you think Bitcoin will be able to maintain this level? We are waiting for your comments.