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Home»Market»Potential Bitcoin (BTC) Price Rebound May Face Resistance at $65K, OnChain Analysis Shows
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Potential Bitcoin (BTC) Price Rebound May Face Resistance at $65K, OnChain Analysis Shows

July 1, 2024No Comments1 Min Read
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Notably, the decline has pushed prices well below the widely tracked aggregate cost basis of short-term bitcoin holders, or wallets storing cost for 155 days or less. As of writing, the aggregate cost basis for short-term holders was $65,000, according to data source LookIntoBitcoin. Onchain analytics firms consider realized price as the aggregate cost basis, reflecting the average price at which coins were last spent on-chain.

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See also  Why is Bitcoin's price down today? 67K BTC sell-off tests the recovery
65k Analysis Bitcoin BTC Face OnChain Potential Price Rebound Resistance shows
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