Bitcoin Price Rebounds to Key Level, Signaling Potential Support

IconCryptoNewsTerminal Staff18 Jul, 2024

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Bitcoin Price Rebounds to Key Level, Signaling Potential Support

Maartunn, a contributor to CryptoQuant and a crypto market expert, recently reported that the price of Bitcoin has rebounded to the level of the Bitcoin Short-Term Holder Realized Price. When the price reaches this point, short-term holders often increase their holdings, which can provide support and slow the decline in price. This could indicate a potential positive development for Bitcoin.