Analysis: Bitcoin Price Shows Strong Bottom Support Amid Potential Pullback
According to ChainCatcher, citing glassnode data, the current BTC price remains above the cost basis of all short-term holder (STH) subgroups, with the cost basis for the 24-hour to 3-month range between $110,000 and $117,000. This price range overlaps with a low trading volume area, indicating strong bottom support in the event of a potential pullback.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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