Glassnode: If Bitcoin’s Uptrend Continues, the Next Key Resistance Level Is Around $136,000
BlockBeats News, July 18 — Glassnode posted on social media that the recent Bitcoin price has reached the +1 standard deviation (SD) level above the short-term holder cost basis (around $120,000), a position that has often acted as resistance during historically strong bull runs. If the current trend continues, the next key resistance level will be near the +2 standard deviation (around $136,000).
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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