Bitcoin Resistance: Here Are The Challenges Ahead For BTC
Summary
Bitcoin's short-term holders have a cost basis between $62,000 and $65,000. The Realized Price metric indicates they are currently at a net loss, with those who bought 3-6 months ago being in the deepest loss. If the price rallies to these levels, holders may react, potentially causing resistance. Bitcoin's price has retraced to $59,000 after briefly rising above $61,000.
