The Bitcoin price continues to dance within the range of $ 80,000 – 85,000 dollars, which indicates an unspecified level in its movement. Since the first encrypted currency lost its contract over $ 90,000, investors asked whether the continuous correction was the opportunity to “buy” or market the market.
Although there is no confirmed way to remove these doubts, the data on the series can provide relevant visions of what will come. The latest data on the series indicates that the distinctive level below is the level that must be seen before investors return to the market.
A level of viewing before “buying”
In a recent publication on the X platform, MAARUNN subscriber It may not be a technical safe to re -enter the Bitcoin market at the current price. This analysis depends on the movement of bitcoin in relation to the current value of the average cost of short -term holders (STH).
The average of the average STH is estimated at the average price in which their short -term holders have acquired (investors who own Bitcoin for less than 155 days) their coins. It represents the psychological level of BTC investors and can serve as a reference point for price analysis, especially during bulls.
Bitcoin usually trades higher than average cost for short -term holders during the bull markets, indicating a great purchase pressure and optimistic feeling of investors in the short term. On the other hand, when the price of BTC decreases under this cost-as shown in the continuous correction, it means that investors in the short term are confused, which may lead to a process of selling and depositing significant declining pressure.
According to Cryptoquant data, the price of Bitcoin is currently less than 6 % of the average cost for short -term holders at 90,950 dollars. With the leading cryptocurrency under the price achieved for short -term holders, the possibilities are that the price of BTC may face more selling pressure as the investor group is looking to reduce its loss.
Using this logic, Maartunn indicated that investors may want to wait until the price of Bitcoin climbs the highest cost price STH before the market is reinforced. Interestingly, short -term investors seem to load their bags. The encryption analyst Ali Martinez open In a post on X, short -term holders have purchased more than 35,000 BTC in the past four days.
Bitcoin price at a glance
As of writing these lines, the BTC price sits just below 86,000 dollars, reflecting a leap that exceeds 2 % over the past 24 hours.
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