Bitcoin has been consolidating in a wide range between $100,000 and $112,000, facing heightened volatility driven by rising geopolitical tensions in the Middle East and growing macroeconomic uncertainty. Despite these external pressures, Bitcoin has held strong above the six-figure mark, signaling resilience as it prepares for a decisive move. Market sentiment is cautiously optimistic, with…
Tag: bitcoin resistance
Bitcoin Resistance Limited Beyond $100,000, On-Chain Data Suggests
On-chain data suggests Bitcoin may encounter low resistance at $100,000 and beyond, at least from the perspective of investor cost basis distribution. A Low Amount Of Bitcoin Supply Has Cost Basis At Levels Ahead In a cost basis as BTC approaches $100,000. Below is a chart that shows the related data for the price ranges…
Bitcoin At Critical Juncture – Price Levels To Watch: Analyst
Bitcoin maintains its bullish form from April as it gains by over 4% in the first two days of May to surge above $97,000. Following this recent gain, the premier cryptocurrency is experiencing a minor retracement as investors attempt to decipher the current market phase. Meanwhile, a prominent crypto analyst with the X handle IT…
Bitcoin Sandwiched Between Major Support & Resistance Levels—Can Bulls Win Out?
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…
This Bitcoin Range The Next Key Resistance, Analytics Firm Says
The market intelligence platform IntoTheBlock has revealed where the next major obstacle for Bitcoin could lie, according to on-chain data. Bitcoin Has A Major Supply Wall Between $95,400 & $98,200 In a new post on X, IntoTheBlock has discussed about how the various BTC price ranges are looking in terms of on-chain resistance and support.…
Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week?
Bitcoin is trading above $90K after experiencing extreme selling pressure last week, which drove the price as low as $78,100 and broke through key demand levels. However, the market quickly recovered following President Trump’s announcement that he plans to establish a U.S. strategic crypto reserve, including Bitcoin and select altcoins like XRP, SOL, ADA, and…
Bitcoin Unable To Break Upward As 1.6 Million BTC Resistance Wall Blocks Path
On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC’s advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of…