This Level is Very Important for Those in Long on Bitcoin: Glassnode Announced Prices! - Koin Bulletin

According to Glassnode, Bitcoin's rise above the 200-day moving average of (85.000 dollars) supports the bullish momentum as a critical technical threshold.

According to Glassnode, the Bitcoin price movements of the last two days, (BTC), have once again highlighted that the (85,000 dollar) level is an important market structure level of the 200-day moving average. With the recent rise above this level, momentum has gained, indicating that the level is still a critical technical threshold.

Bitcoin is currently stuck between the 200-day moving average (200DMA) and the 111-day moving average (111DMA), and a clear direction has not been established unless a breakout occurs above 93,000 dollars. According to the data shared by Glassnode, other notable technical levels are as follows:

• 11DMA: 95,200 dollars
• 365DMA: 75,500 dollars
• 200-week moving average (200WMA): $45,100

Critical level for short-term investors: $93,500

Glassnode indicates that, according to on-chain data, the realize price of short-term investors is at the level of $93,500. It is emphasized that if this level is not regained, the risk is high and a real bull momentum is unlikely. Currently, short-term investors are holding with an average unrealized loss of 6%.