$88K Critical for Bitcoin Momentum

Description

Bitcoin’s price trajectory is at a pivotal juncture, with $88,000 emerging as a key level for sustaining market momentum, according to on-chain analytics firm Glassnode . Using the UTXO Realized Price Distribution (URPD) metric, Glassnode emphasized the significance of the Short-Term Holder (STH) cost basis , noting minimal trading volume below this threshold. The $88,000 level serves as a critical psychological and technical support, and a decisive loss could pave the way for further downside. ...