$24,400 May Be Next Major Level Of Support For Bitcoin, Here’s Why

Historical data of an on-chain indicator may suggest that the $24,400 level could be a major level of support for Bitcoin right now.
Bitcoin STH MVRV Would Hit 1.0 If Price Declines To $24,400
According to this week’s edition of the Glassnode report, the 1.0 level of the Bitcoin STH MVRV has been a point of support for the market during uptrends in the past. The “STH” here refers to the  “short-term holder group,” which is a Bitcoin cohort that includes all inv