CryptoQuant analyst Burak Kesmeci pointed out that the average cost for short-term bitcoin holders is playing a key role. Currently, the average cost for 1-3 month holders is $61,633, and the average cost for 3-6 month holders is $64,459. These two levels are approaching every day, and the breakout direction will be decisive.
Kesmeci believes that if the price breaks through $64,500, it will give strength to the bulls; conversely, if it falls below the average cost of $61,600 for 1-3 month holders, the patience of bitcoin investors will be severely tested.
CryptoQuant: Average cost for short-term bitcoin holders is approaching
2024-10-09 08:27:19
Cryptoquant analyst burak kesmeci pointed out short term bitcoin holding theredesk3cryptocurrencydesktopCrypto News
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