7% dip or $141K breakout? Bitcoin speculators dictate BTC price targets


7% dip or 1K 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 warns.

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 next.

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