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TechFlow news, July 18 — According to an analysis posted by Glassnode on social media, Bitcoin's price has reached a level one standard deviation above the short-term holder cost basis (+1σ), approximately $120,000. Historical data indicates that this level typically acts as resistance during strong momentum phases. If the current trend continues, the next resistance level will be at +2 standard deviations, around $136,000.
According to an analysis posted by Glassnode on social media, Bitcoin's price has reached the +1 standard deviation level above the short-term holder cost basis (approximately $120,000). Historical data shows that this level typically acts as resistance during periods of strong momentum. If the current trend continues, the next resistance level will be at +2 standard deviations, around $136,000.
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