The Bitcoin price appears to have settled within the $92,000 – $102,000 consolidation range, sparking discussions about the coin’s future trajectory. While it remains unclear whether the premier cryptocurrency has enough momentum to forge new all-time highs soon, it would take significant bearish pressure to pull down the BTC price. Nevertheless, the latest on-chain data shows a specific level that could be crucial to the Bitcoin price in the short term. Here’s How $96,000 Could Be Critical To BTC Price In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym ShayanBTC explained how the realized price of a certain investor class could influence the Bitcoin price trajectory in the short-to-mid term. This analysis revolves around the Realized Price of Unspent Transaction Output (UTXO) age bands, which evaluate the holding pattern of different investor cohorts through different realized prices. The UTXO age bands metric measures the average price at which Bitcoin holders purchased their coins compared to how long they’ve held the assets. The relevant age band in ShayanBTC’s analysis is the 1-month to 3-month ..
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