State of new Bitcoin holders as BTC faces resistance at $43K | Crypto Push
State of new Bitcoin holders as BTC faces resistance at $43K
In the recent week, amidst the significant decline in the Bitcoin price, the market has finally shown a Positive Sign around $39,000 (1m-3m Age band Realized Price), reflecting a recovery and price growth to $42000.
Price level to watch For the newer investors that are currently underwater, Crazzyblockk said that the crucial level to watch lies between $43,500 and $44,000.
It can be asserted that a breach above the $44,000 threshold signifies a robust indication of sustained positive price momentum. Conversely, should this level, functioning as the equilibrium point for investors with holding periods of less than one month, exhibit resistance, an expectation arises for the persistence of a notable correction in the mid-term.
