On-chain analysis by Burak Kesmeci suggests Bitcoin may find a local bottom near $95,000, based on UTXO age band data. The 1-week to 1-month UTXO age band has recently crossed below the 1-month to 3-month band, a pattern historically associated with short-term price corrections. This crossover has previously led to dips of approximately 13.3%, followed by a 45-day consolidation period. Currently, Bitcoin is trading around $102,440.
Bitcoin UTXO Data Indicates Potential Local Bottom at $95,000
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