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Bitcoin Short-Term Upper Bound Is $117,000, Glassnode Says - Overpasses For America

Summary by NewsBTC
The on-chain analytics firm Glassnode has revealed Bitcoin has recently been trading within a short-term band that has its upper level currently located at $117,000. Bitcoin Is Trading Between These Two Short-Term Holder Price Bands In a new post on X, Glassnode has discussed about the short-term price band that Bitcoin has been trading inside lately. The band in question is based on two levels relevant to the short-term holders (STHs), investor…

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While the gaze remains on central banks and stock markets, Bitcoin advances against the current, driven by clear technical signals and consistent on-chain indicators. The $117,000 threshold now imposes as a credible goal, supported by the analysis of investors' behaviour in the short term. This silent but tense trajectory, may well mark the beginning of a new bullish momentum for the crypto market's flagship asset. The Bitcoin on its way to $117…

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Cointelegraph broke the news in on Wednesday, July 2, 2025.
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