📉 BTC Nearing Critical Support
The 'Average Short-Term Realized Price (STH Realized Price)' has played a pivotal role as crucial support and resistance in various market movements. Notably, it served as essential support in March '23 and June '23, while acting as significant resistance in April '22, November '22, and October '23.
As the current market scenario unfolds, the STH realized price stands at a critical juncture, positioned at $37,800. Monitoring this level is imperative as it could influence Bitcoin's short-term trajectory. Stay tuned for further insights as the market dynamics evolve. 📊💡
image source : CryptoQuant
#BitcoinAnalysis #MarketSupport #CryptocurrencyTrading #TrendingTopic #TradeNTell
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