🟠 Bitcoin Eyes $144,000? Key Resistance Ahead for $BTC
Bitcoin recently climbed to $124,533 on August 14 before pulling back after hotter-than-expected U.S. wholesale inflation data. While July’s consumer price index matched market forecasts, the core CPI (excluding food and energy) edged up to 3.1%, slightly above estimates. Meanwhile, the producer price index surprised with a sharp 0.9% monthly rise — the biggest in nearly three years.
At the time of writing, #BTC trades at $117,741, down 0.77% in the past 24 hours after dipping to $116,859 on Friday. Analysts are now watching Bitcoin’s average entry levels for new investors and its standard deviation bands to spot potential overheated zones.
Currently, the short-term holder realized price (STH RP) sits near $107,000 — the average on-chain cost basis for recent buyers. Since Bitcoin hasn’t yet tested that level, the rally could still have room to extend toward higher targets.
