Murphy Identifies Bitcoin Pullback Zone at $72,300 to $75,700
Photo: TokenPost
Bitcoin (BTC) met resistance one standard deviation above its short-term-holder realized price, and market analyst Murphy identified $72,300 to $75,700 as a possible pullback zone based on three declines in 2023. Murphy placed STH-RP at about $75,700 and its lower one-standard-deviation band near $68,900. He reviewed three pullbacks from January through September 2023 that followed resistance one standard deviation above STH-RP. In one case, BTC returned to STH-RP; in another, it dipped slightly below the line; in the third, it landed between STH-RP and the lower band.
Source: TokenPost
