Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Alchemie acquires Solana developer Dexterlab for unknown sum

2025-05-19

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

2025-05-19

Ethereum – price cannot break through – what does it stop?

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17
  • Analysis

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Can BTC rely on this historic support again?
Altcoins

Can BTC rely on this historic support again?

2024-06-11No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin has seen a decline over the past day, pushing the asset’s price below $67,000. Here you can see the historical support level that the asset could reach next.

Bitcoin is now not far from the price realized by the short-term holder

As analyst James Van Straten noted in a after at

The “Realized Price” here refers to an on-chain metric that tracks the cost basis of the average investor in the BTC market. This indicator is based on the ‘Realized Cap’ model for the cryptocurrency.

Related reading

When the spot price of the asset is higher than the realized price, it means that the investors are currently making some net unrealized gains. On the other hand, the value of the coin below the benchmark suggests the dominance of losses in the market.

In the context of the current topic, the Realized Price of a specific sector segment is of interest: the Short-Term Holders (STHs). The STHs include all investors who purchased their coins in the last 155 days.

Here is a chart showing the trend in the realized price of the Bitcoin STHs over the past few years:

Bitcoin realized price
The value of the indicator seems to have increased in recent months | Source: @jvs_btc on X

As shown in the chart above, the Bitcoin STH Realized Price rose rapidly during the rally towards the all-time high price (ATH) earlier this year. This trend obviously makes sense, as the STHs represent the new investors in the market, who would have had to buy at higher prices as assets rose, pushing the cohort average up.

Since BTC’s consolidation phase after the March ATH, the indicator’s uptrend has slowed, but its value is nevertheless increasing. After the latest increase, the statistic has approached $64,000.

See also  Arbitrum v. Polygoon: Is the L2 game changing now?

What significance does the realized price of the STHs have? Historically, this indicator has taken turns as a key support and resistance line for the cryptocurrency.

During bullish periods, this metric can facilitate bottom formations for the cryptocurrency, keeping it above itself, while bearish trends generally witness the line acting as a barrier that prevents the coin from escaping above. Transitions above this level generally reflect a flip trend for the coin.

This apparent pattern has likely held because the STHs, being relatively inexperienced hands, can be quite reactive. Cost basis is an important level for any investor, but this cohort in particular is more likely to panic if their cost basis is retested.

When market sentiment is bullish, STHs might decide to buy more when the price falls to their average cost basis, believing that the pullback is just a ‘dip’ opportunity. However, in bearish phases, they may respond to such a retest by panic selling instead.

Related reading

The chart shows that Bitcoin found support around this line during the crash in late April/early May, possibly implying that bullish sentiment is still dominant.

With BTC seeing a drop below $67,000 over the past day and the STH Realized Price hitting $64,000, it will be interesting to see how a potential retest would go this time.

BTC price

At the time of writing, Bitcoin is trading around $66,800, down more than 3% in the past week.

Bitcoin price chart
The price of the asset seems to have fallen recently | Source: BTCUSD on TradingView

Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Source link

BTC Historic rely Support
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

2025-05-19

Dogecoin ready to cry? Falling wig ousting hints during a rally

2025-05-19

Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

2025-05-19

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Reddit’s Gen 3 Avatar on Polygon Passes 10 Million Marks, Marking a Collectible Milestone

2023-08-23

Spot Ethereum (ETH) ETFs Should Be Fully Approved by the End of Summer, Says SEC Chairman Gary Gensler

2024-06-13

Hedera’s The Hashgraph Group invests in Agnext Technologies

2025-04-09
Editors Picks

Bitcoin Shows Bearish Signs as ETF Approvals Are Delayed

2023-10-01

Hong Kong regulators warn of rising crypto exchange scams

2024-03-04

Xahau Monsters collection starts

2023-10-28

Layer-1 Data Network Flare Teams together with Google Cloud for AI Hackathon

2025-02-06

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Alchemie acquires Solana developer Dexterlab for unknown sum

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

Ethereum – price cannot break through – what does it stop?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,300.03-0.37%
  • ethereumEthereum(ETH)$2,530.70-1.22%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.37-2.20%
  • binancecoinBNB(BNB)$647.25-1.05%
  • solanaSolana(SOL)$166.26-5.06%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.224692-4.08%
  • cardanoCardano(ADA)$0.74-3.22%
  • tronTRON(TRX)$0.264689-2.16%
  • suiSui(SUI)$3.80-3.62%
  • chainlinkChainlink(LINK)$15.75-2.52%
  • avalanche-2Avalanche(AVAX)$22.49-3.87%
  • stellarStellar(XLM)$0.286449-2.55%
  • hyperliquidHyperliquid(HYPE)$26.13-2.00%
  • shiba-inuShiba Inu(SHIB)$0.000015-3.58%
  • hedera-hashgraphHedera(HBAR)$0.192633-2.72%
  • unus-sed-leoUNUS SED LEO(LEO)$8.63-0.84%
  • bitcoin-cashBitcoin Cash(BCH)$389.78-3.77%
  • litecoinLitecoin(LTC)$99.04-2.26%
  • the-open-networkToncoin(TON)$3.01-5.64%
  • polkadotPolkadot(DOT)$4.63-4.43%
  • moneroMonero(XMR)$342.530.43%
  • bitget-tokenBitget Token(BGB)$5.16-0.86%
  • pepePepe(PEPE)$0.000013-4.17%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.72-2.77%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.02-3.40%
  • bittensorBittensor(TAO)$413.25-4.85%
  • aaveAave(AAVE)$238.55-0.72%
  • nearNEAR Protocol(NEAR)$2.79-2.92%
  • aptosAptos(APT)$5.16-1.78%
  • okbOKB(OKB)$52.32-2.21%
  • ondo-financeOndo(ONDO)$0.93-3.71%
  • kaspaKaspa(KAS)$0.107799-7.09%
  • ethereum-classicEthereum Classic(ETC)$18.50-1.98%
  • internet-computerInternet Computer(ICP)$5.26-3.01%
  • gatechain-tokenGateToken(GT)$21.42-1.64%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.87-3.70%
  • crypto-com-chainCronos(CRO)$0.096103-4.34%
  • mantleMantle(MNT)$0.73-2.06%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.234800-2.99%
  • vechainVeChain(VET)$0.028205-3.26%
  • render-tokenRender(RENDER)$4.62-3.04%
  • ethenaEthena(ENA)$0.373766-6.00%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • filecoinFilecoin(FIL)$2.89-1.75%
  • algorandAlgorand(ALGO)$0.222886-2.26%
  • arbitrumArbitrum(ARB)$0.392045-1.94%
  • bitcoinBitcoin(BTC)$105,300.03-0.37%
  • ethereumEthereum(ETH)$2,530.70-1.22%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.37-2.20%
  • binancecoinBNB(BNB)$647.25-1.05%
  • solanaSolana(SOL)$166.26-5.06%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.224692-4.08%
  • cardanoCardano(ADA)$0.74-3.22%
  • tronTRON(TRX)$0.264689-2.16%
  • suiSui(SUI)$3.80-3.62%
  • chainlinkChainlink(LINK)$15.75-2.52%
  • avalanche-2Avalanche(AVAX)$22.49-3.87%
  • stellarStellar(XLM)$0.286449-2.55%
  • hyperliquidHyperliquid(HYPE)$26.13-2.00%
  • shiba-inuShiba Inu(SHIB)$0.000015-3.58%
  • hedera-hashgraphHedera(HBAR)$0.192633-2.72%
  • unus-sed-leoUNUS SED LEO(LEO)$8.63-0.84%
  • bitcoin-cashBitcoin Cash(BCH)$389.78-3.77%
  • litecoinLitecoin(LTC)$99.04-2.26%
  • the-open-networkToncoin(TON)$3.01-5.64%
  • polkadotPolkadot(DOT)$4.63-4.43%
  • moneroMonero(XMR)$342.530.43%
  • bitget-tokenBitget Token(BGB)$5.16-0.86%
  • pepePepe(PEPE)$0.000013-4.17%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.72-2.77%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.02-3.40%
  • bittensorBittensor(TAO)$413.25-4.85%
  • aaveAave(AAVE)$238.55-0.72%
  • nearNEAR Protocol(NEAR)$2.79-2.92%
  • aptosAptos(APT)$5.16-1.78%
  • okbOKB(OKB)$52.32-2.21%
  • ondo-financeOndo(ONDO)$0.93-3.71%
  • kaspaKaspa(KAS)$0.107799-7.09%
  • ethereum-classicEthereum Classic(ETC)$18.50-1.98%
  • internet-computerInternet Computer(ICP)$5.26-3.01%
  • gatechain-tokenGateToken(GT)$21.42-1.64%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.87-3.70%
  • crypto-com-chainCronos(CRO)$0.096103-4.34%
  • mantleMantle(MNT)$0.73-2.06%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.234800-2.99%
  • vechainVeChain(VET)$0.028205-3.26%
  • render-tokenRender(RENDER)$4.62-3.04%
  • ethenaEthena(ENA)$0.373766-6.00%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • filecoinFilecoin(FIL)$2.89-1.75%
  • algorandAlgorand(ALGO)$0.222886-2.26%
  • arbitrumArbitrum(ARB)$0.392045-1.94%