Key Takeaways Bitcoin’s price was just above the average short-term holder cost basis at $107.8k, which should act as a solid support level. The MVRV percentile showed no strong upward or downward signals. Bitcoin [BTC] dropping below the $112k level meant that the short-term outlook was bearish. Bears pushed the market further down, forcing BTC below $110k. Moreover, a spike …
Read More »Bitcoin fails $112K, but $107K offers short-term support -What now?
