$USDC

Area $USDC above this area opens the way for rapid growth. Glassnode mentioned in its latest report about the week on-chain: "The price has recently risen above the two main technical levels and is now trying to stabilize within this area." The market analytics company noted that the simple moving average (SMA) for 111 days is at $91,300, and the cost basis for short-term holders (STH) is at $93,200. Bitcoin has reclaimed these levels in the recent upward wave, highlighting the strength of this move. "These are levels that must be broken and held for further price increase, as rejection of this level would push the price into a bearish area, returning many investors to a state of unrealized losses." The BTC/USD chart shows the cost basis for short-term holders (STH) and the cost basis for short-term holders (STH) for 111 days. Source: Glassnode. The famous analyst AlphaBTC stated in his latest analysis on platform X: "Bitcoin is about to surpass $96,000." According to the analyst, a crucial breakout above $95,000 could pull Bitcoin out of its consolidation phase, and the next logical step would be to head towards the psychological level of $100,000. "This is what I would like to see if Bitcoin can continue rising today.