$USDC

Area $USDC above this area opens the door for rapid increase. Glassnode mentioned in its latest report on the weekly on-chain: "The price recently rose above the two main technical levels and is now trying to stabilize within this area." The market analysis company indicated 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 regained these levels in the recent upward wave, highlighting the strength of this movement. "These are levels that must be broken and held for further price increases, as rejection of this level would push the price into a bearish zone, 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 renowned analyst AlphaBTC stated in his latest analysis on platform X: "Bitcoin is about to surpass $96,000." According to the analyst, a decisive breakout above $95,000 could take Bitcoin out of its consolidation state, 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 to rise today."