Bitcoin’s onchain data suggests that the upside may not be over for BTC price, but resistance at $84,000 could delay the recovery.
Bitcoin (BTC) buyers resumed their activity during the early Asian trading hours on Wednesday, pushing the price to a new multi-month high of $82,240.
Onchain indicators, including the short-term holder (STH) cost basis, suggest that the BTC price can go higher, with the next big target at $92,000.
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