2 weeks ago
15
Key takeaways:
- BTC at $79,047.
- RSI at 79.21 on the 1H.
- ETF investor realized price: $76,458.
- STH whale realized price: $79,616.
- STH whale unrealized losses: -$4.3B current, -$9.4B 30-day average.
- January 15 precedent: STH whales exited at breakeven at $95K.
- $80K is the financial threshold for both cohorts simultaneously.
Bitcoin hit $79,047 on April 22, its highest point since early February and the top of a recovery that took price from a $63,000 low back through the entire correction range. The 1-hour RSI sits at 79.21, well into overbought territory, on volume of 923 BTC per candle, modest for a move of this size. The price chart shows a clear horizontal resistance level at $79,000-$80,000, the zone from which Bitcoin sold off sharply in February.
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