Bitcoin faced selling near $64,000, but buyers have managed to keep the price above the short-term holder realized price near $62,000, which is a positive sign.
Bitcoin (BTC) reached the $64,000 level on Sept. 20, but the bulls could not maintain the higher levels. This shows that the bears have not given up and continue to sell on rallies near the overhead resistance levels.
CryptoQuant analyst Avocado_onchain highlighted that the short-term holder (STH) realized price, the average buy price of short-term investors who have held their coins for less than 155 days, is near $62,000.
The STH acts as an important support during uptrends; hence if buyers can defend the level during dips, Bitcoin could rally higher.
