Bitcoin Enters Critical Zone as Price Discovery Faces Sell Pressure

The post Bitcoin Enters Critical Zone as Price Discovery Faces Sell Pressure appeared on BitcoinEthereumNews.com.

Bitcoin Analysis: As Bitcoin struggles to push decisively above $111.8K, on-chain data from Glassnode suggests the market is entering a delicate price discovery stage. The +1 σ band, marking bullish breakout conditions, lies at $114.8K, while the -1 σ band, associated with increased downside risk, sits at $83.2K. Together, these levels now frame the crucial price envelope for short-term market directions.

Conclusion: Momentum Hinges on $103.7K – $114.8K Range. With a large portion of supply having changed hands near present…

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