Last Resistance: Bitcoin Now Testing Final Short-Term Holder Cost Basis
Summary
Bitcoin's price has surpassed the final cost basis level of short-term holders, indicating potential profits for this group. The Realized Price of the 1-3 month old investors, valued at $67,100, suggests their profits are outweighing losses. This is significant as short-term holders often react to price retests of their cost basis, potentially indicating bullish sentiment if Bitcoin breaks this resistance. Currently, Bitcoin is trading at around $67,200, up almost 6% over the past week.
