Why $88,800 Is the Key Level for Bitcoin’s Next Move
Get Daily altcoins signals and trade with the professionals trading strategy – https://telegram.me/binancefuturesignal Staying under the Active Realized Price means discomfort and possible increased selling, which makes $88,800 a crucial level for Bitcoin's next direction. After a mid-week relief, Bitcoin (BTC) is trading a little above $87,000, but it still stands below a key level that could determine its next move. A new observation suggests that a failure to rise above $88,800 could trigger more profit-taking, as active investors remain at a loss and market pressure builds. Bitcoin Battles the $88.8K Line Bitcoin’s position below the Active Realized Price, currently around $88,800, has become a crucial focal point, according to Alphractal Founder and CEO Joao Wedson. The Active Realized Price is indicative of the average cost basis of active investors, excluding lost, dormant, or untouched coins, and therefore represents what the most engaged participants actually paid for the...