Home » Bitcoin May Face Stiff Resistance Near $48.5K, On-Chain Analysis Shows

Bitcoin May Face Stiff Resistance Near $48.5K, On-Chain Analysis Shows

Bitcoin May Face Stiff Resistance Near $48.5K, On-Chain Analysis Shows


Per IntoTheBlock, nearly 270,000 BTC ($12.96 billion) held by more than 800,000 crypto addresses have an average acquisition cost of $48,491. Some of these addresses might liquidate their bitcoin holdings once the cryptocurrency’s price rises to $48,491, arresting bullish momentum.



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