Bitcoin Loses Historical Level, Analyst Says “Reclaim And Bounce, Or Die”
Summary
Bitcoin recently closed below the realized price of short-term holders, indicating they are carrying their coins at a loss. Short-term holders (STHs) bought their coins within the past 155 days and their realized price is around $58,500. Historically, this level has acted as both support and resistance, depending on market trends. Bitcoin is now fighting to reclaim this level, currently trading above $59,300. The recovery's sustainability remains uncertain.
