Recent on-chain data and expert analysis paint a nuanced picture of Bitcoin’s current standing and future prospects. Let’s delve into the intricacies and unravel the mysteries surrounding the world’s most renowned cryptocurrency.

One of the key indicators under scrutiny is the Short-Term Holder (STH) support level, currently pegged at $58,900. On-chain analyst Will Woo has emphasized the significance of this level, suggesting that a breach could spell trouble for bullish sentiments.&middot

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