Bitcoin (BTC) set new records last week, while this week it has been replaced by Ethereum and altcoins. Although Ethereum (ETH) is still far from its previous ATH, it has experienced significant rises.


While there is curiosity about how Bitcoin and Ethereum will move from now on, Glassnode shared its expectations.
According to this, Glassnode stated that Bitcoin has surpassed a significant resistance around 120 thousand dollars, and the next target is 136 thousand dollars.
Glassnode analysts reported in their latest analysis that the average cost basis of short-term Bitcoin holders has exceeded approximately $120,000 by +1 standard deviation.
Analysts also added that this critical area, which is currently around 120 thousand dollars, has historically often served as resistance during strong rise trends of Bitcoin prices.
Analysts stated that if the rise momentum in Bitcoin continues, the next resistance will be at +2 standard deviations, which is approximately 136,000 dollars.
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Sakura_3434vip
· 07-22 05:28
Watching Closely 🔍
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Discoveryvip
· 07-20 06:55
thank you for the beautiful information
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