Key Bitcoin Metric Suggest BTC Price Has Room for Further Expansion
Cointelegraph
Bitcoin's short-term holder cost basis suggests a potential price target of $92,000.Summary
Bitcoin's price has surged above the short-term holder (STH) cost basis of $79,000, reaching a new multi-month high of $82,240. This metric, representing the average purchase price of holders with less than 155 days of ownership, historically signals extended recovery phases. Analysts suggest that if Bitcoin can overcome resistance at $84,000, it has the potential to reach $92,000, with some even setting targets as high as $250,000 within a year. The STH spent output profit ratio (SOPR) also turning positive indicates that recent buyers are in profit and selling pressure is easing, suggesting a shift towards bullish phases.
(Source：Cointelegraph)