Foreign media: CriptoQuant analyst Darkfost stated that the presence of rare chain signals in Bitcoin may mean that Bear City is in its final stages. This judgement is derived from the short-term holder ' s cost base, which is worn by long-term holders, and the three-day confirmation period has been completed.
The signal points to the stage.
Darkfost states that short-term holders usually refer to investors buying bitcoin within the last six months, while long-term holders are those holding more than six months. In the recent reversals, new purchases continued, lowering the average cost of short-term holders.
This indicator had previously appeared before the multi-cycle increase in bitcoin. CriptoQuant argued that it was more like a sign from the back of Bear City than an immediate reverse confirmation.
There's still a purchase over $60,000.
Over the past three weeks, bitcoin has recovered from a low of $57,747 and continues to rise. Even though Strategy sold 3,588 bitcoin to pay dividends, with a cash position of approximately $216 million, the currency price remained above $60,000.
The market is currently concerned with resistance positions near US$ 67,248. The analysts believe that if Bitcoin breaks this level, the subsequent upper space may be further opened.
Recent prices
As at the time of the submission, the Bitcoin report was $63,947, an increase of 1.4 per cent within 24 hours.