[Analysis] "Bitcoin rebounds in the 3-6 month holders' average cost range"

Suehyeon Lee

Summary

Bitcoin is showing a rebound in the 3-6 month holders' average cost range despite recent corrections.
The range is a key support area where mid-term holders accumulated, and buying pressure is flowing in despite recent declines.
If the 3-6 month holders' realized price indicator is maintained, the current range could become a springboard for a rebound.

An analysis found that Bitcoin (BTC) is showing a rebound near the average cost range of 3-6 month holders, around $108,300, despite recent corrective flows.

On the 23rd (local time), CryptoQuant author burakkesmeci analyzed, "Bitcoin is showing a rebound near the average cost range of 3-6 month holders, around $108,300. That range is the core support area accumulated by mid-term holders, and buying pressure has flowed in again despite recent declines."

He continued, "This means that the market's main accumulation group has formed within the mid-term holder group, and even if there are short-term price fluctuations, the structural support zone remains solid," adding, "If the realized price indicator for 3-6 month holders is maintained, the current zone is highly likely to serve as a springboard for a future rebound."

BTC