📊 Glassnode notes that the #BTC average entry price for newer investors, along with its standard deviation bands, helps identify overheated zones. The +1σ level sits near $127K and acts as a key resistance. A breakout could pave the way to about $144K (+2σ), where prior market tops have often triggered increased selling pressure.
ORO CRYPTO & TECH☢️
#Glassnode #BTC #AverageEntryPrice #StandardDeviationBands #OverheatedZones #OneSigmaLevel #Breakout #Resistance #BitcoinBreakout #CryptoMarkets
ORO CRYPTO & TECH☢️
#Glassnode #BTC #AverageEntryPrice #StandardDeviationBands #OverheatedZones #OneSigmaLevel #Breakout #Resistance #BitcoinBreakout #CryptoMarkets