Based on BeInCrypto, Bitcoin's price has recently dipped below key thresholds, raising concerns about a potential bear market. The Short-Term Holder (STH) Cost Basis Model indicates that Bitcoin is currently vulnerable, with the STH cost basis at $111,400. Sustained trading below this level could trigger further downside pressure. At the time of writing, Bitcoin trades at $112,960, holding slightly above the $112,500 support level. Maintaining this level is crucial to prevent a bearish momentum and avoid a deeper market decline.
Bitcoin Price Must Stay Above $111,500 to Avoid Bear Market Structure
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