The Bitcoin price has been on edge, and recent analysis has identified key areas every holder should note. Specifically, prominent market watcher Ali Martinez highlighted these crucial support zones in his recent X analysis using the BTC URPD.
What you'll learn 👉
Key Levels to Watch
For the uninitiated, the Bitcoin UTXO Realized Price Distribution (URPD) metric shows at what price Bitcoin supply was last moved, helping to identify areas of strong support and resistance.
Martinez highlighted the $87,094, $83,307, and $79,520 support levels as the three major demand levels using the BTC URPD indicator. An accompanying chart shows that users moved large amounts of the coin in this area, suggesting it is a potential area of buying pressure.
Meanwhile, Bitcoin has steadied around $90,000, losing its earlier bullish momentum. It has looked bearish recently amid macroeconomic uncertainty, forcing analysts to closely monitor its price trend.
Should the consolidatory energy persist, Martinez believes that these areas are where Bitcoin could potentially retest. The support zones also offer a good buying opportunity for those looking for a good entry or DCA point. However, a momentum shift could see Bitcoin target higher resistance areas.
Has Bitcoin Bottomed?
As Bitcoin hovers around $88K-$90K, market participants are beginning to analyze if it could be a short-term base or price bottom. One of those fronting this narrative is Ark Invest CEO Cathie Wood, who said on CNBC live that Bitcoin is around its price bottom.
According to her, Bitcoin will experience the shallowest decline in its history, citing its underperformance during the bullish phase of its four-year cycle relative to historical standards.
“We think we are pretty well through the down cycle,” Wood insisted.
Why You Should Hold This Better Bitcoin Alternative
With Bitcoin’s trajectory hanging in the balance, market attention is shifting beyond large caps to other low-cap altcoins for better portfolio diversification. While not all of them will surge by the same amount, promising ones like Minotaurus (MTAUR) will surely deliver massive upside.
For the uninitiated, MTAUR is a highly sought-after token that powers the Minotaurus ecosystem. The project leverages the low-cost, high-scalability features of the BNB Chain, offering users an exciting yet beneficial gaming experience.
Why the casual gaming niche? Data from Statista shows that the sector would surge to $29 billion by 2029, and Minotaurus is positioning itself as a leader in the space. This could make MTAUR the next billion-dollar project, benefiting those who buy more.
At the current price of 0.00012642 USDT, one can acquire 79,000 MTAUR for less than 10 USDT. Let’s assume that MTAUR hypothetically rallies to 0.01 USDT; that would boost the capital by over 1,000%.
Learn more at minotaurus.io.
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