Bitcoin Breaks Above STH Realized Price For The First Time In Weeks – What’s Next? 📈
Bitcoin is showing signs of strength as it attempts to reclaim the $115,000 level, after weeks of mixed sentiment and heavy selling pressure. Following a weekly close above $114,500, there is renewed buyer confidence, with the Short-Term Holder (STH) Realized Price acting as key support.
Analysts caution against premature optimism as rejection at these levels could lead to a renewed correction. If Bitcoin can consolidate above $115K, it may open the door for broader bullish continuation, potentially reaching $120K.
The STH Realized Price, now around $113,000, signifies conviction among recent investors. Historically, staying above this level has been crucial for regaining momentum.
Despite current consolidation around $114,360, Bitcoin’s reclaim of the 200-period moving average and the crucial STH Realized Price indicates resilience. Trading volume remains weak, suggesting caution ahead of potential catalysts such as the Federal Reserve's interest rate decision.
Holding above $113K reinforces a bullish structure, while a break above $117,500 could lead to new highs, providing buying pressure sustains.
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