Analyst Reveals Bitcoin’s Hidden Price Zones: Key Levels Investors Need To Watch 📈
A CryptoQuant analyst, tugbachain, has highlighted the importance of Bitcoin's UTXO Realized Price Age Distribution in understanding investor behavior. This metric helps identify the cost bases for long-term holders and recent buyers. It reveals two specific realized price levels, $75,100 and $62,400, as crucial support zones, especially during bull market corrections.
These levels influence smaller investors' buying and selling activities, often triggering reactions when prices test these thresholds. Examining these levels can provide insights into market sentiment and dynamics. In bullish cycles, fear may be amplified, prompting panic selling among smaller investors.
Bitcoin recently reached a new all-time high of $94,784 but slightly retraced to $94,523. Despite this, the asset's upward momentum continues. CryptoQuant's analysis advises on whether to sell or hold BTC, citing metrics like the MVRV ratio, which currently sits below the critical 3.7 level.
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