Bitcoin STH Average cost base at $ 90,950 – Why is it relevant?
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The price of bitcoin continues to dance in the range from $ 80,000 to $ 85,000, showing a certain level of indecision in its movement. Since the cryptocurrency of the first first lost its catch over $ 90,000, investors wondered if the continuous correction is an opportunity “buy the dip” or the summit of the market is.
Although there is no infallible way to store these doubts, data on the channel can provide relevant information on what will happen. The latest chain data suggests the level highlighted below is the one to monitor before investors come back to the market.
Level to monitor before “buy the dip”
In a recent article on the X platform, the Crypto Maartunn analyst common that it may not be technically secure to reintegrate the Bitcoin market into the current price. This analysis is based on the movement of the price of bitcoin compared to the current value of the average cost of short -term holders (STH).
The basic metric of the average cost STH estimates the average price at which short -term holders (investors who have bitcoin for less than 155 days) have acquired their parts. It represents a psychological level for BTC investors and could act as a reference point for price analysis, especially during bull cycles.
Bitcoin is generally negotiated above the average cost base of short-term holders during bull markets, signaling purchase pressure And the optimistic feeling of short -term investors. On the other hand, when the price of the BTC falls under this cost base – as shown in continuous correction, this implies that short -term investors are at a loss, which could cause a sale and precipitate a significant downward pressure.
According to cryptocurrency data, the price of bitcoin is currently 6% below short -term holders’ average cost base at $ 90,950. With the flagship cryptocurrency under the price made of short-term holders, the chances are that the price of the BTC could face additional sales pressure while the cohort of investors seeks to minimize their loss.
Using this logic, Maartunn noted that investors might want to wait until the price of bitcoin climbs above the average price of STH before entering the market. Interestingly, short -term investors still seem to load their bags. Crypto Ali Martinez analyst revealed In an article on X, short -term holders bought more than 35,000 BTC in the last 4 days.
Bitcoin Price at a glance
To date, the price of the BTC is located just below the $ 86,000 mark, reflecting a jump of more than 2% in the last 24 hours.
(Tagstotranslate) Ali Martinez
The price of bitcoin continues to dance in the range from $ 80,000 to $ 85,000, showing a certain level of indecision in its movement. Since the cryptocurrency of the first first lost its catch over $ 90,000, investors wondered if the continuous correction is an opportunity “buy the dip” or the summit of the market is.
Although there is no infallible way to store these doubts, data on the channel can provide relevant information on what will happen. The latest chain data suggests the level highlighted below is the one to monitor before investors come back to the market.
Level to monitor before “buy the dip”
In a recent article on the X platform, the Crypto Maartunn analyst common that it may not be technically secure to reintegrate the Bitcoin market into the current price. This analysis is based on the movement of the price of bitcoin compared to the current value of the average cost of short -term holders (STH).
The basic metric of the average cost STH estimates the average price at which short -term holders (investors who have bitcoin for less than 155 days) have acquired their parts. It represents a psychological level for BTC investors and could act as a reference point for price analysis, especially during bull cycles.
Bitcoin is generally negotiated above the average cost base of short-term holders during bull markets, signaling purchase pressure And the optimistic feeling of short -term investors. On the other hand, when the price of the BTC falls under this cost base – as shown in continuous correction, this implies that short -term investors are at a loss, which could cause a sale and precipitate a significant downward pressure.
According to cryptocurrency data, the price of bitcoin is currently 6% below short -term holders’ average cost base at $ 90,950. With the flagship cryptocurrency under the price made of short-term holders, the chances are that the price of the BTC could face additional sales pressure while the cohort of investors seeks to minimize their loss.
Using this logic, Maartunn noted that investors might want to wait until the price of bitcoin climbs above the average price of STH before entering the market. Interestingly, short -term investors still seem to load their bags. Crypto Ali Martinez analyst revealed In an article on X, short -term holders bought more than 35,000 BTC in the last 4 days.
Bitcoin Price at a glance
To date, the price of the BTC is located just below the $ 86,000 mark, reflecting a jump of more than 2% in the last 24 hours.
(Tagstotranslate) Ali Martinez
The price of bitcoin continues to dance in the range from $ 80,000 to $ 85,000, showing a certain level of indecision in its movement. Since the cryptocurrency of the first first lost its catch over $ 90,000, investors wondered if the continuous correction is an opportunity “buy the dip” or the summit of the market is.
Although there is no infallible way to store these doubts, data on the channel can provide relevant information on what will happen. The latest chain data suggests the level highlighted below is the one to monitor before investors come back to the market.
Level to monitor before “buy the dip”
In a recent article on the X platform, the Crypto Maartunn analyst common that it may not be technically secure to reintegrate the Bitcoin market into the current price. This analysis is based on the movement of the price of bitcoin compared to the current value of the average cost of short -term holders (STH).
The basic metric of the average cost STH estimates the average price at which short -term holders (investors who have bitcoin for less than 155 days) have acquired their parts. It represents a psychological level for BTC investors and could act as a reference point for price analysis, especially during bull cycles.
Bitcoin is generally negotiated above the average cost base of short-term holders during bull markets, signaling purchase pressure And the optimistic feeling of short -term investors. On the other hand, when the price of the BTC falls under this cost base – as shown in continuous correction, this implies that short -term investors are at a loss, which could cause a sale and precipitate a significant downward pressure.
According to cryptocurrency data, the price of bitcoin is currently 6% below short -term holders’ average cost base at $ 90,950. With the flagship cryptocurrency under the price made of short-term holders, the chances are that the price of the BTC could face additional sales pressure while the cohort of investors seeks to minimize their loss.
Using this logic, Maartunn noted that investors might want to wait until the price of bitcoin climbs above the average price of STH before entering the market. Interestingly, short -term investors still seem to load their bags. Crypto Ali Martinez analyst revealed In an article on X, short -term holders bought more than 35,000 BTC in the last 4 days.
Bitcoin Price at a glance
To date, the price of the BTC is located just below the $ 86,000 mark, reflecting a jump of more than 2% in the last 24 hours.
(Tagstotranslate) Ali Martinez
100%
خد اخر كلمة من اخر سطر في المقال وجمعها خدها كوبي فقط وضعها في المكان المناسب في القوسين بترتيب المهام لتجميع الجملة الاخيرة بشكل صحيح لإرسال لك 25 الف مشاهدة لاي فيديو تيك توك بدون اي مشاكل اذا كنت لا تعرف كيف تجمع الكلام وتقدمة بشكل صحيح للمراجعة شاهد الفيديو لشرح عمل المهام من هنا
(Tagstotranslate) Ali Martinez
