The wall of $81.700
#bitcoin slows down its momentum and demands a technical breakout to unleash the real bull market
CryptoQuant warns that, although the market’s broader bullish structure remains intact after a 24% rebound over two weeks, the price of #BTC has stalled in a sideways range between $76,000 and $82,000. According to Julio Moreno, head of research at the firm, the leading cryptocurrency needs to absorb the strong supply from investors before resuming the upward trend.
The bull market boundary ($81,700): Historically, Bitcoin’s bullish phases are officially confirmed when it closes above its 365-day moving average. Breaking through this key level is the technical catalyst required to validate the transition from a bounce to a trend change.
Immediate supply resistance ($77,100 - $80,200): This band represents the closest selling pressure on-chain, where long-term investors distributed up to 539,000 BTC in just 30 days across the year.
On-chain valuation models ($83,600 and $88,700)
The Metcalfe 3x band sits at $83,600 (a model that projected key levels at past milestones, placing it near this zone when BTC traded at six figures).
The ceiling of realized sell price by traders is around $88,700, a level where short-term operators historically execute large-scale profit-taking.
Support zones in case of a pullback: If the price experiences a decline, the strongest defense levels are at $70,000 (200-day moving average) and the band between $62,000 and $65,000, an area where holders accumulated roughly 476,000 BTC this year.
#CryptoNews
$BTC
$ETH
$XRP
#bitcoin slows down its momentum and demands a technical breakout to unleash the real bull market
CryptoQuant warns that, although the market’s broader bullish structure remains intact after a 24% rebound over two weeks, the price of #BTC has stalled in a sideways range between $76,000 and $82,000. According to Julio Moreno, head of research at the firm, the leading cryptocurrency needs to absorb the strong supply from investors before resuming the upward trend.
The bull market boundary ($81,700): Historically, Bitcoin’s bullish phases are officially confirmed when it closes above its 365-day moving average. Breaking through this key level is the technical catalyst required to validate the transition from a bounce to a trend change.
Immediate supply resistance ($77,100 - $80,200): This band represents the closest selling pressure on-chain, where long-term investors distributed up to 539,000 BTC in just 30 days across the year.
On-chain valuation models ($83,600 and $88,700)
The Metcalfe 3x band sits at $83,600 (a model that projected key levels at past milestones, placing it near this zone when BTC traded at six figures).
The ceiling of realized sell price by traders is around $88,700, a level where short-term operators historically execute large-scale profit-taking.
Support zones in case of a pullback: If the price experiences a decline, the strongest defense levels are at $70,000 (200-day moving average) and the band between $62,000 and $65,000, an area where holders accumulated roughly 476,000 BTC this year.
#CryptoNews
$BTC
$ETH
$XRP
