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

by SB Crypto Guru News
July 1, 2024
in Crypto Updates
Reading Time: 1 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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Tags: 65KAnalysisBitcoinBitcoin NewsBTCCrypto NewsCrypto UpdatesFaceLatest News on CryptoOnChainPotentialPriceReboundResistanceSB Crypto Guru NewsShows
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