NEWSLETTER
bitcoin's price seems to be fighting below the key levels. Until now, the asset still listed below $ 82,000 that marks a slight increase of 0.3% on the last day and a decrease of approximately 24.3% of its historical maximum (ATH) above $ 109,000 registered in January.
In the midst of this price yield, the key price levels, particularly those that affect short -term holders (STHS), have emerged investors who have had bitcoin for less than six months.
Price made by short -term holder: a key market indicator
The cryptocant analyst Yonsei Dent has <a target="_blank" href="https://cryptoquant.com/insights/quicktake/67d29baea9545929eccbe012-Key-STH-Levels-Can-bitcoin-Break-Through-86K90K” target=”_blank”>identified A critical resistance zone between $ 86k and $ 90K, where many STH remain in a loss position. bitcoin's ability to break these levels will determine whether he can recover the impulse or continue his downward trend.
Yonsei Dent emphasizes the importance of the price made, which represents the average acquisition cost of Bitcoins holders. This metric helps to identify support and resistance areas by showing what price level it is likely to reach or sell with losses.
Currently, bitcoin is struggling to recover the resistance of $ 83,000, since the weighted average price made by 1W – 6 million STHS is $ 91,800. This means that many recent buyers still have losses, creating sales pressure while trying to leave equilibrium levels.
In addition, the price made of 3 to 6 M carried out is $ 86,100, which makes it an important resistance zone. Since this group has most of the limit between short -term holders, its commercial activity could significantly affect bitcoin's price movements.
What this means for the action of bitcoin's price
As bitcoin quotes in the range of $ 86,000 to $ 90,000, the short -term holders sold to the equilibrium point could lead to greater market volatility. If bitcoin cannot break this resistance, he could face a downward pressure.
On the negative side, the long -term headline (LTH) of 6–12 million bitcoin made the price made for $ 63,700, with $ 64,000 as a strong level of historical support. Yonsei Dent points out that if buying demand is strong enough to absorb sales pressure, bitcoin can get out of this range and establish a more bullish trend.
However, if the sale of short -term holders intensifies, bitcoin could re -test the lowest support levels before recovering a significant recovery. The analyst said:
As bitcoin navigates the $ 86K range → $ 90K, STHS that seeks to go to the balance point can increase market turbulence. The key question is whether the purchase demand will be strong enough to absorb this pressure. Let's see how the market responds.
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