Bitcoin News
By Steven Anderson
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Bitcoin Dips Below $112,000 Amid Rising Volatility. Bitcoin briefly slipped below $112,000 this week, reflecting a sell-off that has accelerated…
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$110,000: The Lifeline Support. The second key support level, according to Swissblock, is $110,000, described as the “lifeline”…
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Short-Term Holder Cost Basis at $111,400. The third significant level is the short-term holder cost basis, currently around $111,400.
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Market Sentiment and Implications. Despite the recent dip, some indicators point to cautious optimism.
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What Traders Should Watch. Traders and investors should focus on the following key factors in the coming days:
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Conclusion. Bitcoin’s recent sell-off underscores the importance of technical and on-chain support levels.
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Bitcoin (BTC) has started the week on a negative note, falling below key support levels and sparking concern among traders and analysts.
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Swissblock’s proprietary Bitcoin Risk Index, which measures on-chain valuation and cost-basis data, indicates that low or stable risk readings can support bullish sentiment,…
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Analysts note that holding $112,000 is crucial for BTC to regain momentum. If this level fails to hold, further declines could accelerate, putting the next support floors in focus.
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Should BTC breach this level, it could signal increased selling pressure, potentially opening the door for a deeper correction.
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The third significant level is the short-term holder cost basis, currently around $111,400. This on-chain metric represents the average purchase price for wallets that acquired…
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Prices above the short-term holder cost basis generally reflect confidence and bullish conviction, whereas prolonged trading below it could signal a shift toward a bearish market…
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The interplay between these three levels—$110,000, $111,400, and $112,000—forms a delicate support zone for Bitcoin.
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Despite the recent dip, some indicators point to cautious optimism. The Bitcoin Risk Index suggests low volatility, while on-chain analytics show that short-term holders are…
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Analysts argue that these three price floors will act as the primary battlegrounds for market sentiment. Holding these levels could signal consolidation and a potential rebound.
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