Crypto analytics platform IntoTheBlock announced possible resistance and support levels for Bitcoin (BTC) based on on-chain data.
IntoTheBlock, an analysis of support and resistance levels for Bitcoin published. In line with on-chain data 3 critical levels company that highlights, for resistance 35 thousand and 39 thousand dollars levels It also acts as a support level in case of a possible correction. 30 thousand dollar band he pointed out.
Looking at the description of the platform 664 thousand user 340 thousand Bitcoins bought 35 thousand dollars While it is stated that the level may act as an important resistance, if this level is exceeded, 38-39 thousand dollars in the band 333 thousand Bitcoins It was stated that uptake may be another source of resistance.
The $35,000 level, where 664,000 investors previously purchased 340 thousand BTC, is the next resistance point for Bitcoin. If this level is exceeded, the next point where trading activity is concentrated is around $38,000 to $39,000, where 333,000 BTC was purchased.
The point determined by the data as the support level for a possible correction is 30 thousand dollar band happened. IntoTheBlock is at $30 thousand 553 thousand BTC It was emphasized that it was traded and this level would be the first place to hold the price in terms of liquidity:
On the other hand, in the event of a correction, buying activity appears to serve as a possible support at the level just above $30,000, where 553,000 BTC was traded.
According to CoinGecko data, in the last 24 hours 0.5% Bitcoin gaining value, at the time of writing $34,090 It is traded at .
