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OnChainCollege
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When price approaches the Short-Term Holder Cost Basis and bounces, it’s typically bullish. STHs are stepping in at their break-even, doubling down in anticipation of upside. That’s exactly what we saw on yesterday’s dip. Don’t take my word for it. Check the chart (yellow circles).
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Either this is the most muted Bitcoin bull market in history or the explosive move is yet to happen. Everyone can make their own judgment. My bets are placed already.
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Bitcoin came within $100 of the Short-Term Holder Cost Basis and then bounced up $2K. You love to see it 🎯
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My deep dive on Bitcoin and what I'm seeing in the market and on the charts: https://open.substack.com/pub/onchaincollege/p/bitcoins-inflection-point?r=1b0q8k&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
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All eyes on the Short-Term Holder Cost Basis at $98.3K, just $1K away from the current price of Bitcoin . This level has historically been a key battleground. How price reacts here could shape the next major move for BTC.
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