BTC price
$BTC: Crypto Analyst Points to Bitcoin’s ‘Most Important Support Level’
Popular cryptocurrency analyst Ali Martinex has said that Bitcoin has its “most important support level” between $26,360 and $27,160. The range is notable, as it represents a significant volume for the cryptocurrency.
As per Martinez’s observations, over 2.36 million unique Bitcoin addresses bought more than 1 million Bitcoin within this price range. This data implies that a substantial number of Bitcoin holders purchased their Bitcoin within this price range, and therefore might be incentivized to prevent the price from falling below it.
#Bitcoin | The most important support level for #BTC is now between $26,360 and $27,160, where 2.36 million addresses bought over 1 million $BTC. pic.twitter.com/XoUJecFXRf
— Ali (@ali_charts) June 4, 2023
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