Part 9/12:
Technical Analysis: Key Levels and Indicators
The presentation shifts to technical charts, illustrating key price levels and indicators critical for traders:
Short-term holder (STH) cost basis is approximately $60,128, acting as a support level; breaking below this risks a decline toward $50,000 or $42,000.
Bitcoin’s realized volatility is decreasing significantly—from 80-100% in 2021 to just 40-60% in 2024—indicating a less volatile market environment.
Inverse Head and Shoulders (IHS) patterns suggest a bullish outlook, with targeted moves toward $72,000 once prices break above $68,000.
The formation of symmetrical triangles indicates consolidation, with a potential breakout signaling upward momentum.