Bitcoin Price Holds Above $96,000 — Analyst Explains This Level’s Significance

Quick Summary:

The relevant age band in ShayanBTC’s analysis is the 1-month to 3-month group, which offers insight into “short-term holders’ behavior and overall market sentiment.” Related Reading: Dogecoin Whales Desert Market: Number Of $100,000 Transactions Nosedives 70% According to the Quicktake analyst, the realized price of Bitcoin holders in this short-term investor cohort has historically served as critical support levels.

ShayanBTC highlighted the importance of the Bitcoin price holding above $96,000 in maintaining the current bullish narrative.“Holding above this key level reinforces a bullish market sentiment, increasing the likelihood of an extended upward trend,” the Quicktake analyst noted.

Here’s How $96,000 Could Be Critical To BTC Price In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym ShayanBTC explained how the realized price of a certain investor class could influence the Bitcoin price trajectory in the short-to-mid term.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: United KingdomOman

Topics: Btc Bitcoin price Bitcoin BTCUSDT Bitcoin Cryptoquant

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-09 @ 13:00:17 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 62 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25997468

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 4 posts per day

Year Established: 2013

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