IntoTheBlock: Bitcoin may form resistance at $96,000 in the short term
According to IntoTheBlock analysis, the volatility of the cryptocurrency market has returned, and on-chain accumulated data can provide valuable references for identifying potential support and resistance levels. In the short term, about 1.66 million bitcoins are currently in a loss position, and these holders may choose to close their positions when the price rises to the cost price, thus forming a key resistance level around $96,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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