After the recent drop in Bitcoin, we can identify the next support areas through the Realized Price - UTXO Age Bands indicator, which helps us to understand the holding behavior of each group by comparing a set of different realized prices. The closest support area is at 25619, which represents the average purchase price of wallets that bought Bitcoin within the last 3-6 months. You can use these levels to support your technical analysis and help make an appropriate decision.
Written by abramchart
