Bitcoin Holds Strong as Short-Term Holders Defend Mid-Bull Momentum

Bitcoin showed resilience against long-term holders (LTH) selling this week, while short-term holders (STH) continue defending key levels
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Bitcoin showed resilience against long-term holders (LTH) selling this week, while short-term holders (STH) continue defending key levels, according to analysis shared today by JA Maartun on X.

On-chain data indicates that LTH are taking profits after recent movements, exerting some selling pressure, but STH are holding critical positions, consolidating price support within the mid-range of the current bullish momentum. This dynamic suggests that, despite profit-taking by long-term investors, the market maintains a balance between selling pressure and buying demand, which could temporarily sustain the rally.

The coming days are expected to be decisive in confirming whether support defended by STH will allow the bullish momentum to continue. Investors and analysts will closely watch LTH and STH activity to anticipate possible breakouts or consolidations and their impact on Bitcoin’s short- and mid-term trend.

Source: JA Maartun on X


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