Bitcoin Establishes Strong Support Zone Between $65,000 and $71,000
Bitcoin has formed a strong support zone in the $65,000 to $71,000 range, acting as a buffer against major price declines. This zone reflects key investor behavior, with realized price metrics aligning to show long-term holder confidence.
The realized price is around $71,000, and the market’s average realized price is $65,000—making this range a strategic accumulation point for long-term investors and a potential profit zone for short-term holders.
This convergence of key metrics suggests solid market participation rather than speculation. If Bitcoin revisits this range, strong demand from long-term investors could stabilize and potentially boost the price.
