Bitcoin Sees $88K STH Cost-Basis as Key Level to Assess Price

Bitcoin Sees $88K STH Cost-Basis as Key Level to Assess Price

From fxdailyreport.com

The price dynamics of Bitcoin ($BTC) have again entered another crucial phase. As per Glassnode, the Short-Term Holder Cost-Basis is standing at a crucial point of $88,000 as a noteworthy factor in determining price momentum. The on-chain analytics platform discussed this level in a recent social media post. Glassnode mentioned that the STH cost-basis of Bitcoin is currently hovering around a significant spot of $88,000. The respective level is reportedly seen as an important determinant when it comes to gauging price momentum. This development has gained substantial attention from the enthusiasts and market ... (full story)

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