Bitcoin Surges To $72,000, But Remains Stuck In Key Supply Zone
On-chain data shows Bitcoin has been trading inside a major cost-basis cluster recently, and the latest rally hasn’t taken it past the range either. Bitcoin URPD Shows Significant Supply Has Cost Basis Near Current Levels In a new UTXO Realized Price Distribution (URPD) of Bitcoin. This on-chain indicator tells us about the amount of BTC…
Bitcoin Faces On-Chain Air Gap To $81,000: Will Momentum Build?
Data of the Bitcoin URPD shows a supply chasm exists between $72,000 and $81,000, potentially making resistance in the region relatively light. Bitcoin URPD Signals Air Gap Until $81,000 In a new UTXO Realized Price Distribution (URPD). This indicator tells us about the amount of supply that was last transacted or purchased at the various…
Here’s Why Bitcoin Must Hold Crucial Support At $63,111 – Analyst
The Bitcoin market recorded another week of volatile price action, but continues to consolidate a defined range between $60,000 – $70,000. Bearish sentiments remain at a heightened level, considering the downtrend observed in recent months and the non-confirmation of a cycle bottom. Notably, recent on-chain data has revealed the importance of a particular support level,…
On-Chain Data Reveals Critical Support Levels For Bitcoin Price — Details
The Bitcoin price has managed to stay above $110,000 over the weekend, and on-chain data shows that the premier cryptocurrency sits above three crucial support levels. Here are the critical levels to watch out for over the next few weeks. Where Are The Next Support Levels For BTC? On Saturday, September 6, prominent crypto analyst…