7% dip or $141K breakout? Bitcoin speculators dictate BTC price targets
Bitcoin short-term holders are in charge of nearby BTC price support, but this risks a drop to $110,000, new Glassnode research warned.
Key points:
Bitcoin short-term holders form important nearby BTC price support levels, but a gap remains between $110,000 and $115,000.
Glassnode suggests that the price may drop to “fill” that gap.