🚀 Bitcoin Holds $83,444 Support: Bulls Eye $97,532 Breakout! 📈
Crypto analyst Ali Martinez has pinpointed critical levels shaping Bitcoin’s next major move! Using UTXO Realized Price Distribution (URPD), Martinez highlights $83,444 as a strong support zone where many investors initially accumulated BTC. With Bitcoin currently trading above this level, bulls are now laser-focused on conquering the $97,532 resistance—a key hurdle packed with historical UTXO clusters.
Why This Matters:
- $83,444 Support: A hold here signals bullish strength and investor confidence.
- $97,532 Resistance: Breaking this could ignite a rally to new all-time highs!
- URPD Insight: Reveals where BTC supply was last moved, highlighting make-or-break price zones.
Martinez warns that failure to breach $97,532 might trigger consolidation or a pullback. However, a breakout could fuel a renewed bull run after months of correction. Meanwhile, the Bitcoin Sharpe Ratio suggests high risk now, but nearing a potential "buy-the-dip" opportunity.
📊 Live Stats (as of writing):
- BTC Price: $84,075 (+0.27% in 24H)
- Trading Volume: Down 46.41% (lower market engagement)
Will BTC smash through $97.5K? Share your predictions below! 👇
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