Bitcoin Price Rebound Shows Short-Term Holder Support

Bitcoin experienced a price rebound after encountering key support from Short-Term Holders (STHs). This bounce occurred near the $109,000-$107,500 mark, a critical level for market sentiment and BTC’s direction. Analysts highlight that STH realized prices play a significant role in predicting short-term price movements. Bitcoin’s recent surge suggests potential bullish support due to the strong support from STHs, but this could influence future price action if the price breaks out of this support level.