The price of Bitcoin still seems to be struggling among the most important levels. So far, it still acts under $ 82,000, which in the last day marks a slight increase of 0.3% and a decrease of approximately 24.3% of his all times above $ 109,000 registered in January.
In the midst of these price performance, the most important price levels, in particular those who influence short-term holders (STHS) investments that Bitcoin have less than six months have arisen.
Short -term holder realized price: an important market indicator
Cryptoquant Analyst Yonsei Dent has identified A critical resistance zone between $ 86k and $ 90k, where many STHs remain in a loss position. Bitcoin’s ability to break through these levels will determine whether the weather can regain momentum or continue its downward trend.
Yonsei Dent emphasizes the importance of realized price, which represents the average acquisition costs of Bitcoin holders. This metric helps to identify support and resistance zones by showing at which price level investors will probably break or sell with a loss.
Bitcoin is currently struggling to reclaim the $ 83,000 resistance, because the weighted average realized price for 1W -6m STHS is $ 91,800. This means that many recent buyers still keep with a loss, creating sales pressure while trying to leave on break-even levels.
Moreover, the 3-6m STH realized at $ 86,100, making it an important resistance zone. Since this group has the largest share of the CAP realized among short -term holders, their trading activity can significantly influence the price movements of Bitcoin.
What this means for the price promotion of Bitcoin
Since Bitcoin trades $ 86,000 to $ 90,000, short-term holders who sell in break-even can lead to increased market volatility. If Bitcoin is unable to break beyond this resistance, this can be renewed down.
On the other hand, Bitcoin’s 6-12 million long-term holder (LTH), the price realized at $ 63,700, with $ 64,000 a strong historical level of support. Yonsei Dent notes that if buying the demand is strong enough to absorb the sales pressure, Bitcoin can break out of this range and establish a more bullish trend.
However, if the sale of short -term holders intensifies, Bitcoin could re -test a lower support levels before it becomes considerable recovery. The analyst noticed:
While Bitcoin navigates the range of $ 86k → $ 90k, STHS who wants to close on break-even exit can increase the market turbulence. The most important question is whether buying question will be strong enough to absorb this pressure. Let’s see how the market reacts.
Featured image made with Dall-e, graph of TradingView
