#bitcoin falls below 🔻STH Realized Price
The price is testing this region again 3 months after breakout.
As long as price trades below this level, these holders are, on average, selling at a loss which could contribute to selling pressure #BTC price.
The initial expectation is that this region will act as support to confirm the August breakout.
If $75k acts as resistance in short term, it’s a bearish signal for an extension of correction.
#BitcoinFiveWeeklyLosses #Onchain #loss $BTC
The price is testing this region again 3 months after breakout.
As long as price trades below this level, these holders are, on average, selling at a loss which could contribute to selling pressure #BTC price.
The initial expectation is that this region will act as support to confirm the August breakout.
If $75k acts as resistance in short term, it’s a bearish signal for an extension of correction.
#BitcoinFiveWeeklyLosses #Onchain #loss $BTC
