The average cost of short-term Bitcoin holders continues to play a critical role.
1 month - 3 months --> 61,633
3 months - 6 months --> 64,459
These two levels are getting closer each day, and the direction of the break will be decisive. We can roughly say that a close above 64.5K would give the bulls strength. However, on the flip side, if the average cost of the 1-3 month holders at 61.6K is lost, the patience of Bitcoin investors will be seriously tested.
We are continuing to shape our strategy based on the data. The alarms are active. I will share the latest data with you soon
Written by burakkesmeci
