Tag Archives: bitcoin support

Bitcoin Sandwiched Between Major Support & Resistance Levels—Can Bulls Win Out?

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On-chain data shows the Bitcoin spot price is currently sandwiched between two zones where a large number of investors last bought their coins. Bitcoin Is Trading Between Two Major On-Chain Demand Zones In a new on-chain analysis, support and resistance levels are defined based on investor cost basis. The reason behind this is naturally the… Continue reading Bitcoin Sandwiched Between Major Support & Resistance Levels—Can Bulls Win Out?→

Bitcoin’s Bullish Fate Hinges On These 2 Resistance Zones – Details

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The Bitcoin (BTC) market continues to remain in consolidation following another trading week with no convincing price breakout. As multiple analysts continue to speculate on the asset’s next movement, prominent market expert Ali Martinez has identified two resistance zones that could be pivotal to reigniting a crypto bull run. Bitcoin Must Break Past $85,470 And… Continue reading Bitcoin’s Bullish Fate Hinges On These 2 Resistance Zones – Details→

Bitcoin Nears $76,000 Target Amid Price Correction — But Will This Support Hold?

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Over the past week, Bitcoin has experienced a strong market correction with prices falling as low as $80,000. Based on a double top formation, Bitcoin is expected to head to $76,000 before re-establishing an uptrend. However, market analyst Cryptododo7 has indicated the possibility of a lower market bottom. Bitcoin Bears In Control: Will $67,000 Emerge… Continue reading Bitcoin Nears $76,000 Target Amid Price Correction — But Will This Support Hold?→

Bitcoin’s Bullish Case Hinges On $94,645 Support: Will Buyers Step In?

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The Bitcoin market continued to struggle in February marked by a high level of investor uncertainty. Over the last trading week, BTC declined by 2.24%, bringing its total value loss over the past 30 days to around 8.59%. Amidst this indecisive market, digital asset analysis X page More Crypto Online has shared some valuable insights… Continue reading Bitcoin’s Bullish Case Hinges On $94,645 Support: Will Buyers Step In?→

Glassnode Reveals Where Bitcoin Could Find Support If Current Level Breaks Down

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The on-chain analytics firm Glassnode has revealed where the next Bitcoin support level could be based on different pricing models. Bitcoin Is Currently Retesting 1-Year MVRV Z-Score Mean In a new post on X, the on-chain analytics firm Glassnode has discussed about how BTC has been looking on a couple of pricing models recently. The… Continue reading Glassnode Reveals Where Bitcoin Could Find Support If Current Level Breaks Down→

Bitcoin Could End Up Plummeting To $80,100 If This Support Fails

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On-chain data shows Bitcoin is currently retesting an important support level. Here’s where the next important line lies, should this level fail. Bitcoin Is Currently Trading Around 1-Year MVRV Mean In its latest weekly report, the on-chain analytics firm Glassnode has discussed about a Bitcoin pricing model that’s based on the Market Value to Realized… Continue reading Bitcoin Could End Up Plummeting To $80,100 If This Support Fails→

Bitcoin Crashes: Here’s Where The Nearest On-Chain Support Is

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Bitcoin has observed a plunge during the past day. Here’s the nearest on-chain level that the asset would end up retesting if the drawdown elongates. 1 Week To 1 Month Bitcoin Holders Have Their Realized Price At $97,900 As pointed out by CryptoQuant author Axel Adler Jr in a new post on X, the Realized Price… Continue reading Bitcoin Crashes: Here’s Where The Nearest On-Chain Support Is→

These Are The Biggest Bitcoin Support & Resistance Zones, Analyst Reveals

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An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new on-chain analysis, the potential for any price level to behave in this manner lies in the amount of tokens purchased. Below is… Continue reading These Are The Biggest Bitcoin Support & Resistance Zones, Analyst Reveals→

Bitcoin Makes Third Retest Of Historical Support, Analyst Sounds Alarm

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An analyst has warned that support levels weaken the more they are retested and Bitcoin is now doing a third consecutive retest of a major such level. Bitcoin Is Again Retesting The Short-Term Holder Realized Price As explained by CryptoQuant community manager Maartunn in a new Realized Price” here refers to an indicator that, in… Continue reading Bitcoin Makes Third Retest Of Historical Support, Analyst Sounds Alarm→

Bitcoin Crashes To $64,000: Will This Historical Support Hold?

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On-chain data shows Bitcoin is retesting a historically significant support level after the latest plunge in the asset’s price has gone through. Bitcoin Is Currently Retesting The Short-Term Holder Realized Price As explained by CryptoQuant community manager Maartunn in a new drawdown. The “Realized Price” here refers to an on-chain indicator that, in short, keeps… Continue reading Bitcoin Crashes To $64,000: Will This Historical Support Hold?→