Where Will BTC Settle if the Correction Continues 💸
The Short-Term Holder Realized Price indicator provides insights into the current market and key support and resistance levels.
Here's how it works:
▪️ When Bitcoin price (⚫️) is above the Short-Term Holder Realized Price (🟠), it's a bullish market, and bearish when Bitcoin price (⚫️) is below the indicator line (🟠).
▪️ In a bullish market, BTC tends to correct towards the indicator line, acting as support. In a bearish market, price bounces off the line, which then acts as resistance.
The current Short-Term Holder Realized Price indicates that if a correction is due, the target is at $54k.
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*not a financial recommendation, not a call to action
