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Reading: Potential Bitcoin (BTC) Price Rebound May Face Resistance at $65K, OnChain Analysis Shows
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News Junction > Blog > Cryptocurrency > Potential Bitcoin (BTC) Price Rebound May Face Resistance at $65K, OnChain Analysis Shows
Potential Bitcoin (BTC) Price Rebound May Face Resistance at K, OnChain Analysis Shows
Cryptocurrency

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

Published July 1, 2024
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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.

#Potential #Bitcoin #BTC #Price #Rebound #Face #Resistance #65K #OnChain #Analysis #Shows

TAGGED:65KAnalysisBitcoinblockchainBTCfaceMarketsonchainpotentialpricereboundresistanceShows
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