Critical Levels Defined for Bitcoin Price

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

According to the data, the cost level for short-term investors is now set at $105,500. This level is significantly above the current spot price, indicating that a large portion of short-term investors is at a loss. On the other hand, the average for active investors has reached $87,100. This figure creates a resistance point just above the spot price and signals a possible upward movement.

Furthermore, the True Market Mean level is calculated at $81,300. This level represents the risk-taking area for a broader investor base, while the Realized Price being $56,000 indicates that long-term investors are well away from the loss zone.

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

In conclusion, investors are advised to be cautious of the increased volatility that may arise in the markets due to these updated cost levels. The specified critical levels are expected to have significant effects on the future of Bitcoin prices.