Bitcoin’s STH cost basis suggests $117K is the next stop for BTC price

Bitcoin’s onchain and technical data suggest that the upside is not over for BTC price.

Key takeaways:

Bitcoin’s STH cost basis, MVRV data, and other technical indicators suggest that BTC price is on track toward $117,000.

Analysts suggest a breakout above $109,000-$110,000 could push BTC to fresh all-time highs.

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