Bitcoin Flirts With Disaster: Is This Support Range About To Save The Day?
You know what’s worse than a paper cut? Watching Bitcoin dance on a tightrope, with all your “support clusters” clinging for dear life. I mean, everybody’s watching this price range like it’s the last bread on the shelf during a hurricane. Apparently, we’ve got some “very important” BTC lines nestled all snug together. Must be nice! 🤷
$94,000 To $97,900: Where Bitcoin’s Lines All Go To Hang Out And Panic
So, Axel Adler Jr. over on X (we still calling it Twitter, by the way?), he thinks this support zone is the big deal. Three fancy lines, all squeezed up together like relatives fighting for the couch at Thanksgiving. Two are moving averages – 111-day and 200-day. Why not 112 days? Or 199? Who knows, ask the mathematicians.
it’s just the price, but it’s smoothed out because, apparently, reality is too spicy for us to handle. You can do these averages over a minute, a century, or whatever makes your chart look impressive. In this case, it’s 111 and 200 days. Somebody likes palindromes. 🔢
The third line – oh boy – is the Realized Price for short-term holders. Sounds important, right? Basically, it tells you what the cool kids who bought in the last 155 days paid. If the price is above it, congrats: they’re not totally miserable yet. Under it? Well, let’s just say they’re *realizing* some pain.
For those keeping score, short-term holders are anyone who picked up Bitcoin in the last 155 days. Don’t ask why 155. Long-term holders are everyone else who’s still clutching their coins like they’re Willy Wonka golden tickets. 🍫
So what’s the moral here? If the STH (short-term holder!) realized price is below the spot price, recent buyers are celebrating. Spot price drops below that, and suddenly Thanksgiving gets very awkward at the dinner table.
Anyway, check out these lines – a graph! Because what could be more reassuring than several squiggly lines as your life savings dangle in the balance:
Look at that — everything’s crammed into this little $94,000 to $97,900 range. Tighter than the change in a vending machine. The good news: history says these lines should keep Bitcoin from belly-flopping… unless, you know, it doesn’t. Which is totally possible.
The catch: we’re not even close to dropping that low yet. So, maybe keep your drama for when it actually happens, yeah?
BTC Price
In case you missed it, Bitcoin dropped from near $109,000 to $104,300. Fasten your seatbelts, folks, at this rate we’ll need a support cluster, a safety net, and probably a therapist.
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2025-06-20 12:14