ANALYSIS: Bitcoin's $88,000 Cost to Short-Term Holders Remains a Key Support Level
Bitcoin's short-term cost price for holders ($88,000) remains a key support level, glassnode said in a post on the X platform. The URPD (Utrealized Price Distribution) indicator suggests that a drop below this cost price and thin volume below this support level would mean a lack of buying support and the price could accelerate down.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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