There's reason to believe that $29,000 will become familiar territory for BTC.
that Bitcoin could hit his upside target “earlier than anticipated.“
“As i said, if we did not lose the support zone on Bitcoin at $25,000, then there is no bearish control just yet,” heOthers were more conservative, with both Daan Crypto Trades and Michaël van de Poppe, founder and CEO of trading firm Eight,that BTC/USD was now on its way to $38,000 or higher.Regarding support levels, on-chain analytics firm Glassnode took the opportunity to underscore the significance of the short-term holder cost basis.
“26,550 remains a significant baseline in determining market trend,” Glassnode tweeted, referring to previous research“The recent deviation below the STH-CB was not decisive, culminating in a reclamation of the prevailing uptrend.”The 200-week moving average, another key bear market support line, currently also lies near the mid-$26,000 zone.This article does not contain investment advice or recommendations.
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