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Quicktake: CryptoQuant post published today, contributor BorisVest highlighted a key demand zone for Bitcoin (BTC) that could offer investors an opportunity for ‘substantial gains.’ Analyst BorisVest used Active Realized Price(ARP) as well as True Market Average Price (TMMP), to determine this crucial zone.
Bitcoin Buying Here Can Be Profitable
Bitcoin’s current price is approximately 10% above its previous high. local bottom the market reached a high of almost $77,000 on March 10th. The market is now more uncertain due to the looming tariffs of US President Donald Trump. Some analysts predict that Bitcoin could continue its downward trend before the end of the year. trend reversal occurs.
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Amid this backdrop, CryptoQuant contributor BorisVest noted that, based on market dynamics, BTC’s ARP is currently hovering around $71,000 – representing almost a 20% pullback from its current price in the mid-$80,000 range.
Unknown to the general public, Bitcoin ARP calculates an average purchase price for all BTC that are actively traded, while filtering out inactive coins. The cost base of investors who are active is shown, which helps to identify the market’s sentiment. It also provides insight into possible support and resistance levels.
BorisVest noted that BTC’s TMMP is currently at a crucial support level, $65,000. Analyst stated:
We can assume that if we consider the zone between the Active Realized Price (ARP) and the True Market Average Price to be a range, then we should expect a significant increase in demand in the future if prices decline.
BTC is currently in a high demand area between $71,000 to $65,000. BTC purchases within this range can provide investors with an attractive risk-reward balance, which could lead to significant gains.
Experts Point Out Resistance Levels
Ali Martinez, a prominent cryptocurrency analyst, has identified two important resistance levels to Bitcoin. Martinez stated:
Bitcoin BTC The 200-day MA is $86,200, and the 50 day MA is $88,300. These are the key resistance levels ahead. If these levels are broken, the bulls could gain momentum.
The MA-based resistance levels are frequently used to create psychological and technical price barriers. These levels are where market traders usually place their buy orders, causing a price correction or consolidation.
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Martinez’s Analysis aligns Rekt, a fellow cryptocurrency analyst, also noted the same thing, stating that despite BTC breaking out of its daily Relative-Strength Index (RSI), BTC may still encounter significant resistance.
BTC could be headed for a trend change. Recent reports suggest Trump’s softer stance towards reciprocal tariffs could lead to a rise in the price of risky assets, such as BTC. BTC was trading at $84,820 as of press time. This is up 1.5% over the last 24 hours.
Charts are from TradingView.com, X and CryptoQuant.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.newsbtc.com
