Analyst’s Target Excites As Bitcoin Moves Towards Critical Support!

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Bitcoin Its price has experienced significant movements recently, triggering volatility in the market and falling from $ 70,083 to $ 61,730, recording a decrease of approximately 12% in just one week.

Commenting on this volatility, Ali Martinez stated that if BTC fails to successfully surpass the $62,000 level, it could decline towards the next important resistance area around $51,500.

Martinez’s analysis is based on Unspent Transaction Output Realized Price Distribution (URPD), a metric used to measure Bitcoin dispersion based on the price at which cryptocurrencies were last traded.

According to Martinez, URPD shows that $62,000 is a very important support level for Bitcoin. If BTC fails to hold above this level, Martinez suggests that the next significant area of ​​demand could be around $51,500.

This indicates that $62,000 is a critical level to watch for traders and investors as a breach could potentially lead to further downside movement. On the other hand, Martinez points to a bullish scenario for BTC. cryptocurrency If the unit manages to climb above $66,250, a successful break above it could signal a reversal of the bullish trend.

Bitcoin Targets $80000

Consistent with Martinez’s analysis, crypto analyst Chimp of the North predicts a period of consolidation for BTC predicts. At this stage, Bitcoin price It may trend below a certain low range, fueling bearish sentiment among traders. Meanwhile, he predicts another decline to around $52,000.

The analyst suggests that instead of making the expected retest of the lower range, Bitcoin may experience a sudden rise, potentially pushing its price to $80,000.

This ambitious forecast reflects the analyst’s bullish view of Bitcoin’s long-term trajectory despite short-term fluctuations and periods of consolidation.


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