💎 The Bitcoin Trend Remains Strong: Glassnode Reveals the Key 🔑
📣 According to the analysis by the on-chain firm Glassnode, the Bitcoin trend remains positive. The key to knowing if the momentum continues lies in a little-known but crucial indicator: the realized price of short-term holders (STH Realized Price).
👉 The Key Indicator to Follow 📊
This price represents the average cost at which investors who bought BTC in the last 155 days hold their coins. In bullish markets, this level acts as a critical support barrier. When the price of Bitcoin dips to test it, short-term holders see it as an opportunity to "buy the dip," pushing the price back up again.
👀 The good news is: Bitcoin recently tested this level and successfully rebounded, confirming that the strength of the bullish trend remains intact.
🚨 Conclusion of the Analysis 🔮
Glassnode is clear: "As long as the price respects this level, the trend remains constructive." Losing this support, on the other hand, could signal the beginning of a contraction or a deeper pullback in the market.
For now, the on-chain data confirms optimism. The market is respecting this key support, and that is a very positive sign.
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