Crypto analyst Ali: Bitcoin is positioned between two critical supply walls
Crypto analyst Ali: Bitcoin is positioned between two critical supply walls:
🟢 Support Zone: Between $41,200 - $42,400, backed by 1.92 million addresses holding 723,500 $BTC.
🔴 Resistance Zone: Between $42,500 - $43,750, where 1.67 million addresses are sitting on 706,400 #BTC.
A sustained close beyond these bounds will help gauge BTC's trend. A breakout above resistance may propel BTC towards $47,600, while a dip below support might lead to a correction down to $38,600.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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