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Bitcoin is moving within a consolidation phase between $78,000 and $110,000, but several technical signals suggest a bullish recovery.
The Short-Term Holder Cost Basis (STH), a key on-chain analysis indicator, identifies a strategic threshold at $117,113.
This rarely reached threshold is considered the upper boundary of short-term price action according to Glassnode data.
A daily close above this resistance could validate a breakout toward $117,000, or even $130,000 according to some scenarios.