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via Cointelegraph · By Cointelegraph Staff
Key Bitcoin Metric Suggest BTC Price Has Room for Further Expansion
BTC
BTC/USDT
$59,790.00
-2.82%
$59,790.00
-2.82%
(24s)24h Volume
$33,261,607,470.77
24h H/L
$61,962.40 / $58,115.01
Change: $3,847.39 (6.62%)
Long/Short
68.3%
Long: 68.3%Short: 31.7%
Funding Rate
+0.0011%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(12:10 PM UTC)
1 min read
940 views
0 commentsBitcoin (BTC) buyers resumed their activity during the early Asian trading hours on Wednesday, pushing the price to a new multi-month high of $82,240.
Onchain indicators, including the short-term holder (STH) cost basis, suggest that the BTC price can go higher, with the next big target at $92,000.
Key takeaways:
- Bitcoin holders are back in profit, increasing the chances of reaching $92,000.
- BTC…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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