🔍 Glassnode's latest report indicates that if the price of Bitcoin breaks through the current range, the upper resistance may rise to $141,000.
Currently, BTC is fluctuating within the short-term holder (STH) cost range of $105,000 to $125,000. A breakthrough at +1 standard deviation ($125,100) may open the channel to challenge +2 SD ($141,600).
However, with STH profits significantly expanding, this may trigger intense profit-taking sell-offs. The market direction may face a significant decision.