Source: TheMerkle.com
Following Bitcoin’s surge to its $108K all-time high, the market is undergoing a correction, shedding speculative froth while maintaining robust demand.
Unrealized losses are primarily concentrated among short-term holders, yet the stress levels in this group remain modest compared to prior market drawdowns.
Key Support and Resistance Levels Validated
Recent price movements have validated two critical levels highlighted by on-chain data:
– Support at $89K, which aligns with the Short-Term Holder Realized
Read More https://themerkle.com/bitcoin-market-analysis-corrections-key-levels-and-long-term-trends/
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Source: TheMerkle.com
