Bitcoin Shows Strength as It Aims to Reclaim $115,000 Level
- Bitcoin recently closed above $114,500, confirming a reclaim of the Short-Term Holder (STH) Realized Price.
- The STH Realized Price is a key on-chain metric currently near $113,000, representing the average cost basis for recent market participants.
- Analyst Darkfost indicates that maintaining above this level could signal renewed buyer confidence and a potential bullish continuation.
- Bitcoin is trading around $114,360 after testing resistance near $115,800–$117,500 and reclaiming the critical moving average on the four-hour chart.
The recent close above the STH Realized Price suggests growing confidence among Bitcoin investors after a period of mixed sentiment and selling pressure. Analyst Darkfost highlights that holding this level could lead to further bullish momentum if Bitcoin can break past current resistance levels.
Maintaining above the $113K threshold is crucial for Bitcoin’s broader uptrend, potentially paving the way for a rally towards $120K if buying pressure persists. (Source)
