Bitcoin has encountered resistance at a critical cost basis zone, according to on-chain analytics firm Glassnode. This zone includes the Short-Term Holder (STH) Cost Basis and the True Market Mean, with the STH Cost Basis at $79,000 and the True Market Mean at $78,000. These levels have historically acted as resistance during bearish phases, as seen in Bitcoin's recent price action.
Following the rejection, Bitcoin's next potential support level is at $68,000, identified as the -1 standard deviation of the STH Cost Basis. This level has previously served as a support point. Bitcoin's price has recently fallen to $76,400, and it remains uncertain whether it will attempt to breach the resistance zone again or retreat to the $68,000 support.
Bitcoin Faces Rejection at Key Cost Basis Zone, Eyes $68,000 Support
Haftungsausschluss: Die auf Phemex News bereitgestellten Inhalte dienen nur zu Informationszwecken.Wir garantieren nicht die Qualität, Genauigkeit oder Vollständigkeit der Informationen aus Drittquellen.Die Inhalte auf dieser Seite stellen keine Finanz- oder Anlageberatung dar.Wir empfehlen dringend, eigene Recherchen durchzuführen und einen qualifizierten Finanzberater zu konsultieren, bevor Sie Anlageentscheidungen treffen.
