Critical Levels Determined for Bitcoin Price

The sudden drop in Bitcoin (BTC) has shifted investors' attention to new cost levels. Currently, the Bitcoin price is trading around $86,500 again, and the market may be in a short-term compression range. Current data provided by Glassnode indicates that investor behavior needs to be closely monitored.

According to the data, the cost level for short-term investors is now set at $105,500. Since this level is significantly above the current spot price, it shows that a large portion of short-term investors is at a loss. On the other hand, the active investor average has reached $87,100. This figure forms a resistance point just above the spot price and indicates a potential sign for upward movement.

Additionally, the True Market Mean level is calculated to be $81,300. This level represents the risk appetite of a broader investor base for Bitcoin, while the Realized Price, at $56,000, indicates that long-term investors are quite far from the loss zone.

Glassnode data shows that the Bitcoin price is squeezed between the active investor average and the True Market Mean. A breakout from this range in the coming days could play a critical role in determining the direction of the price. If the price maintains above $87,100, it could be interpreted as a new signal of strength. Otherwise, the $81,300 level will be of great importance in a potential downward scenario.

As a result, it is recommended that investors remain cautious of the increased volatility in the markets due to these updated cost levels. The critical levels mentioned are expected to have a significant impact on the future of the Bitcoin price.