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Price Prediction

The report says that Bitcoin Hodler sells around this level

Glassnode revealed in a report on how to see the pressure side of the bitcoin holders in the long run about this price level.

Bitcoin’s long -term profit will reach 350 % to 99,900

In the latest weekly report, Glassnode I talked about the latest trends related to Bitcoin owners in the long run. LTHS refers to Bitcoin investors who have been holding their currencies for more than 155 days.

LTHS for one of the main BTC car holders is compensated for the time of retaining time, with the other side known as “short -term bearers” (STHS).

Statistically, whenever the investor is long waiting for his coins, the less likely to sell them at any time, so LTHS can be considered with long retaining times more than Sths.

Below is the graph in which the Analysis Company is shared, which shows how the total presentation that these Hodles preserves has changed during the past two years.

Bitcoin LTH offer

As visible in the graph, the Bitcoin LTH supply has seen an increase in the past two months or so, a sign that some Sths have been ripening in the regiment. In total, the scale rose by 254,000 BTC during this period.

Although LTHS tends to be firm entities, they are not as if they are not selling at all. From the graph, it is clear that these diamond hands got profits during both the main gatherings of last year.

Recently, BTC again tries to assemble the bullish momentum, but the continued bullish trend of LTH means that these hodles have not decided to sell it yet.

But when this regiment becomes arrogant enough for sale, the date may provide a hint or two.

LTH Bitcoin Profit

In the graph, Glassnode has connected the data on the average cost or the price of the LTHS and some price lines that correspond to a specific degree of profit/loss for this group.

Nowadays, the BTC price is much higher than the LTH price, so the members of this group carry a large amount of profit. Despite this fact, these infiltrators do not seem ready to give up their coins yet.

But when their melody changes, the report explained:

Historically, the long -term pregnant group usually increases spending pressure when the normal organ carries a 350 % unimportant profit margin.

Based on the basis of the current cost, LTHS is expected to reach the profit threshold by 350 % when Bitcoin reaches a sign of $ 99,900. Thus, if the BTC recovery continues to run this extent, it is possible that the cryptocurrency will find some troubles due to the sale of Hodler.

BTC price

At the time of this report, Bitcoin is trading about $ 96,500, an increase of about 4 % in the past seven days.

Bitcoin price scheme

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