glassnode: The short-term bull-bear boundary for Bitcoin is $111,400. Sustained below this price level indicates a bearish outlook in the medium term.

On September 23, glassnode published its latest view after the recent fall, pointing out that the cost basis of short-term holders is usually regarded as the key line between long positions and short positions, currently at $111,400. Continued trading below this level may indicate a shift in market structure towards a bearish trend in the medium to long term.

BTC-2.01%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)