Bitcoin's price movement this week is crucial, as CryptoQuant analyst burakkesmeci highlights the importance of the $109,000 to $112,000 range. If Bitcoin closes above this range, the upward trend is expected to strengthen, while a close below could lead to a correction. Short-term holders, those with Bitcoin for less than 155 days, significantly influence market sentiment, often attracting new capital. Key levels to watch include $117,300 as resistance, $112,000 as a decision point, and $92,400 as support. The realized price for short-term holders stands at $108,900.
Bitcoin's Upward Trend Hinges on Key Price Range, Says CryptoQuant
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