Bitcoin’s Potential Rebound May Face Resistance at $65K, OnChain Analysis Shows

Bitcoin’s Potential Rebound May Face Resistance at $65K, OnChain Analysis Shows

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Source: Coindesk.com

Short-term holder wallets are in the red and may liquidate near their breakeven level at $65,000. Long-term holder wallets, with average cost of less than $20,000, are incentivized to hold or boost their coin stash.

As bitcoin (BTC) looks to recover from the July loss, new challenges loom, with onchain data

Read More https://www.coindesk.com/markets/2024/07/01/bitcoins-potential-rebound-may-face-resistance-at-65k-onchain-analysis-shows/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Bitcoin's Potential Rebound May Face Resistance at $65K, OnChain Analysis Shows" appeared first here Coindesk.com.

Source: Coindesk.com

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