BroadChain, April 26, 22:00, according to NewsBTC, Bitcoin is currently consolidating around $77,000, with a net gain of 2.12% over the past week. Since April, the cryptocurrency has risen from $67,000 to its current level. On-chain data shows that Bitcoin faces key resistance levels.
Analyst Axel Adler Jr, citing CryptoQuant data, pointed out that the average cost basis for short-term holders (holding less than 155 days) is $82,000, while for holders of 3-6 months, it is $91,000. When prices approach these levels, holders may choose to exit, creating selling pressure.
As of press time, Bitcoin is trading at $78,028, up 0.66% in 24 hours and 12.29% in the month. CoinCodex predicts a target price of $83,262 over the next five days and $91,575 over the next three months.