Bitcoin (BTC) hits new ATH this week, showing strong bullish sentiment
Cryptoquant reports BTC reclaimed its Short-Term Holder Average Cost Basis, a key “buy-the-dip” sign
Analysts now see Bitcoin’s old ATH around $109K as fresh support, expecting this new rally phase to run
Bitcoin achieved a new milestone this week by reaching a new all-time high. The cryptocurrency’s latest upsurge boosted its renewed bullish sentiment and has opened a new frontier that could push the crypto’s price towards much higher prices.
Data from the onchain data analysis provider, Cryptoquant, shows that Bitcoin is rallying after reclaiming the Short-Term Holder Average Cost basis. According to Cryptoquant, the cryptocurrency’s current level is crucial and represents a significant buy-the-dip indicator during bull markets.
Short-Term Holder Realized Price as an Inflection Point
Bitcoin is rallying after reclaiming the Short-Term Holder Average Cost basis — a key level that often serves as a strong buy-the-dip indicator during bull markets.
Set this alert 
https://t.co/PX6mjYIoST pic.twitter.com/5CvlJ4rxhE
— CryptoQuant.com (@cryptoquant_com) May 23, 2025
Cryptoquant: Bi…
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