Critical Levels Determined for Bitcoin Price

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

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

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

Glassnode data suggests that the price of Bitcoin is squeezed between the average price for active investors and the True Market Mean. Breaking out of this range in the coming days could play a critical role in determining the direction of the price. If the price can sustain above $87,100, it could be interpreted as a new strength signal. Otherwise, the $81,300 level holds significant importance in a possible downward scenario.

In conclusion, it is recommended that investors remain cautious against the potential increased volatility in the markets due to these updated cost levels. The specified critical levels are expected to have a significant impact on the future of Bitcoin prices.