🔹 Bitcoin on the verge of breaking $120,000
According to BlockBeats, the level of $120,000 serves as a key resistance, and its breakthrough could pave the way for new highs.
📊 Glassnode points to a possible move towards $141,000, which corresponds to two standard deviations above the short-term holders (STH) cost — a zone for active profit-taking. $BTC #bitcoin
📈 Intermediate target: $125,000 (1 deviation above STH).
📉 Critical supports:
• $114,000–$116,000 — zone of interest, possible short-term pullback
• $112,000 — potential zone for 'filling the gap'
• $105,400 and $93,000 — baseline costs of STH and the open price of the year