On-Chain Data Reveals Critical Support Levels For Bitcoin Price — Details
The Bitcoin price has managed to stay above $110,000 over the weekend, and on-chain data shows that the premier cryptocurrency sits above three crucial support levels. Here are the critical levels to watch out for over the next few weeks. Where Are The Next Support Levels For BTC? On Saturday, September 6, prominent crypto analyst Ali Martinez took to the social media platform X to offer on-chain insights into the current layout of the Bitcoin price. This price evaluation, which revolves around the BTC UTXO Realized Price Distribution (URPD) metric, shows the next support levels for....
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Over the past few weeks, the Dogecoin price has largely been moving sideways in a critical range around $0.09 to $0.10. The meme coin has been oscillating between key support and resistance zones, as the bulls and bears can’t seem to decide the next price direction. The latest on-chain evaluation has identified a specific support level to watch out for the Dogecoin price in the coming days. Support Levels To Watch In a February 21 post on the social media platform X, crypto analyst Ali Martinez identified a major critical support level around $0.096 and $0.074, with the latter price....
An on-chain data expert has identified a critical level that the Bitcoin price must not break, or it could be at risk of a significant downturn. Critical Levels For BTC Price: Alphractal CEO On Saturday, March 7, Alphractal founder and CEO Joao Wedson revealed on the social media platform X that the $63,700 level is a crucial support level for the Bitcoin price. The crypto expert analyzed why this price level is critical to the long-term health of the flagship cryptocurrency and other relevant levels to watch. Related Reading: Pundit Says XRP Price Could Reach $1,000 By End Of 2026 If This....
The Ethereum price has been under intense bearish pressure over the past few weeks, reflecting the overall fragile state of the cryptocurrency market. The altcoin lost nearly 20% of its value in the past week, free-falling under the psychological $3,000 level since Thursday, January 29th. With the market still showing signs of further downside risk, there is no telling how deep the Ethereum price will fall in the current bearish setup. However, the latest on-chain data has offered insights into the next critical levels for the second-largest cryptocurrency. ETH’s Next Support Stands At....
Prominent analytics firm Glassnode has shared new on-chain insights into the Bitcoin market, pointing to the next major support zone amid a euphoric market mood on Friday. The world’s leading cryptocurrency briefly surged to above $117,000 after comments from US Federal Reserve Chairman Jerome Powell signaled a possible shift away from the central bank’s long-standing hawkish stance. Related Reading: When Will Bitcoin Bottom Out? This Could Be The Signal To Watch Bitcoin’s Crucial Defense Level At $104,000–$108,000: Data In an X post on August 22, Glassnode explains that Bitcoin’s UTXO....
The Bitcoin price has not particularly impressed over the past two weeks, but it appears to have steadied its movement within a clear consolidation range. In its latest attempt to shine, the premier cryptocurrency faced fierce resistance around $74,000 on Friday, March 13. Interestingly, the latest on-chain data suggests that the $74,000 resistance might not be the barrier it appears to be. According to a prominent crypto analyst on the social media platform X, the Bitcoin price seems to have a free runway to return to above the $80,000 mark. BTC Price Has Free Runway To $82,000: Analyst....