Proekt_73
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The key strong supports of BTC at the moment are 89,700$ and $86,800. This is what#CryptoQuantthinks.
At the moment, the#BTCprice remains above:
- The STH Realized Price level ($86,800), which reflects the average purchase price of short-term holders (less than 155 days).
- The STH 1M-3M Realized Price level ($89,700) - where the positions of holders holding coins for 1 to 3 months are located.
If BTC continues to hold above $89,700, this will create a "springboard" for further growth. Moreover, including - with a quick reversal. If the price breaks through this support and, especially, goes under 86,800$ - the situation for the bulls will become noticeably more dangerous.
But while the price remains above the global trend from the highs of the last cycle, it is too early to even talk about the first support.
At the moment, the#BTCprice remains above:
- The STH Realized Price level ($86,800), which reflects the average purchase price of short-term holders (less than 155 days).
- The STH 1M-3M Realized Price level ($89,700) - where the positions of holders holding coins for 1 to 3 months are located.
If BTC continues to hold above $89,700, this will create a "springboard" for further growth. Moreover, including - with a quick reversal. If the price breaks through this support and, especially, goes under 86,800$ - the situation for the bulls will become noticeably more dangerous.
But while the price remains above the global trend from the highs of the last cycle, it is too early to even talk about the first support.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
