$BTC According to Glassnode, Bitcoin has reached +1 standard deviation above the short-term holder cost basis, which is around $120,000.

This level has historically acted as resistance during strong momentum phases.

If the bullish trend continues, the next key resistance is at +2 standard deviations, which is approximately $136,000.

Traders should watch price behavior around $120K. A strong breakout may open the path toward the $136K zone.

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