Bitcoin is recovering after a summer accumulation phase, as on-chain data improves and the price moves closer to an important resistance zone.
BTC has formed a notable support area in the range of 61,849–63,111 USD, while supply above 75,733 USD is relatively thin.
Before the recent rally, more than 2 million BTC were traded in the 61,849–63,111 USD range. This volume creates a support zone with a high level of interest from BTC holders.
URPD data indicates that supply above 75,733 USD is relatively limited, according to Ali Martinez’s analysis on X. If Bitcoin breaks above this level, the price could move toward the 83,307–84,569 USD zone, where around 1 million BTC were previously traded.
$BTC
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BTC has formed a notable support area in the range of 61,849–63,111 USD, while supply above 75,733 USD is relatively thin.
Before the recent rally, more than 2 million BTC were traded in the 61,849–63,111 USD range. This volume creates a support zone with a high level of interest from BTC holders.
URPD data indicates that supply above 75,733 USD is relatively limited, according to Ali Martinez’s analysis on X. If Bitcoin breaks above this level, the price could move toward the 83,307–84,569 USD zone, where around 1 million BTC were previously traded.
$BTC
#Write2Earn
#Write2Earn!
