๐Ÿ“Š Bitcoin is approaching an important confluence zone


This can be seen through this heatmap, which combines three key elements:
โžค Distribution clusters (buying / selling activity)
โžค True Market Mean Price
โžค STH Cost Basis
At the moment, Bitcoin is trading within a low-activity (white) zone, where relatively little exchange activity has taken place.
This area extends up to $83,000 โ€” a level where many investors previously reacted and which could now act as resistance.
At the same time, both the STH Cost Basis and the True Mean Price are trending around $79,000, continuing to act as resistance as well.
*(Personally, my adjusted STH Cost Basis โ€” accounting for BTC moved via Coinbase โ€” is closer to $83,000.)*
๐Ÿ‘‰ I believe BTC will need to test these levels soon, and the reaction there will be key to monitor.
BTC-0.67%
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