Analyst: “Bitcoin Breaks 2 Key Zones”

The fact that Bitcoin rises above $ 23 thousand and holds in this region allows analysts to offer new assessments with new figures. Analyst Will Clemente also said that BTC has finally managed to exceed the base cost of both short-term and long-term investors. Evaluating the rise of Bitcoin from his Twitter account with 675,000 followers, Clemente used the following statements:

Bitcoin has now reclaimed its long-term holder cost basis ($22.3k) in addition to its short-term holder cost basis ($18.9k) and the aggregated cost basis. Behavioral shift as holders in aggregate are no longer underwater.

In the chart, it is seen that similar movements were experienced in 2012, 2016 and 2019, and after these movements, very serious increases came in Bitcoin. Glassnode also evaluated the recent rises in Bitcoin; He stated that with the 2018/2019 bear season, he made it possible to pass the 3 base cost zones for the first time since the Kovid crisis in 2020.

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