Bitcoin STH Cost Basis Aligns With Critical Indicator: Support Builds Around ...
Bitcoin is facing a pivotal moment as it consolidates just above the $110K level after slipping below the $112K support yesterday. Bulls are attempting to hold this level to avoid further downside and to spark a recovery rally. However, many analysts remain cautious, pointing out that momentum has weakened since Bitcoin’s all-time high just over a week ago, with the market now retracing more than 10%. Related Reading: Bitcoin CEX Netflows Still Green Despite Large Sellers Rotating To Ethereum Top analyst Axel Adler shared critical insights, highlighting that the nearest strong support lies....
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The Bitcoin price has managed to stay above $110,000 over the weekend, and on-chain data shows that the premier cryptocurrency sits above three crucial support levels. Here are the critical levels to watch out for over the next few weeks. Where Are The Next Support Levels For BTC? On Saturday, September 6, prominent crypto analyst Ali Martinez took to the social media platform X to offer on-chain insights into the current layout of the Bitcoin price. This price evaluation, which revolves around the BTC UTXO Realized Price Distribution (URPD) metric, shows the next support levels for....
Bitcoin is trading at a pivotal level where its previous all-time highs, set in January and May, are now being tested as support. This zone has become a critical battleground for bulls and bears, as fear spreads through market sentiment. Many investors are bracing for further declines, worried that a break below these levels could accelerate downside momentum. Related Reading: Bitcoin STH Cost Basis Aligns With Critical Indicator: Support Builds Around $100K Level Fresh on-chain data adds weight to these concerns. According to CryptoOnchain, insights from CryptoQuant charts reveal a sharp....
Bitcoin has seen a rebound since retesting the short-term holder Realized Price, a sign that this historical on-chain support may be holding. Bitcoin Short-Term Holder Realized Price Just Acted As Support As explained by CryptoQuant author IT Tech in an X post, Bitcoin found support around the short-term holder Realized Price during the latest dip. The “Realized Price” here refers to an on-chain indicator that measures the cost basis of the average investor on the BTC network. Related Reading: Bitcoin HODLers Spend 97,000 BTC—Biggest Move This Year When the price of the....
Bitcoin prices have returned above $105,000 in the past 24 hours following a sharp price decline on Thursday triggered by macroeconomic pressures. Notably, US President Donald Trump and former political ally Elon Musk had engaged in a public spat which spiked the volatility in a crypto market already undergoing a corrective phase. Amidst some level of renewed stability in the last two days, popular analytics firm Glassnode has now shared an important on-chain analysis highlighting the presently key price levels in the Bitcoin market. Related Reading: Can Bitcoin Price Bounce To $120,000....
The on-chain analytics firm Glassnode has explained how the Bitcoin investor Cost Basis Distribution could highlight this level as an important one. A Notable Amount Of Bitcoin Has Cost Basis At $106,600 In a new post on X, Glassnode has talked about the Bitcoin Cost Basis Distribution for the levels nearby to the current spot price. The “Cost Basis Distribution” (CBD) here refers to an on-chain indicator that tells us about how much of the asset’s supply was purchased at what price levels. Related Reading: Bitcoin At $103,000 Relatively Cool Per This Indicator, Quant....