Bitcoin prezzo in EUR e BTC-EUR grafico storico del prezzo

After $BTC reached its highest price since June 2022 and exceeded the $28,000 level, it is expected that the price range of 29,000-30,000 to form an extreme resistance, and for the price to correct from this range several times before succeeding in breaking through it. This is due to the observation UTXO index for the 2-3 year age range (long-term investors) where the realized price for this category is $29,700, UTXO stands for Unspent Transaction Output and it refers to the amount of bitcoin that is left over after a transaction has taken place. The UTXO ratio for the 2-3 year age range constitutes 12.64% of the total UTXOs, therefore, it is expected that there will be a large sell-off of Bitcoin holdings in this range. It is also, compared to the realized price for the 6-12 month index, which is $28200. Historically, every time there was a crossover between these two indexes, a price correction occurred.

Technical Analysis 25.03.2023

If we look at the chart we published not so long ago we can see that Bitcoin $BTC are still filling orders in the SUPPLY RANGE ( yellow zone ) on the chart.

The most important now is to keep 26500 as support) meaning we should have a weekly close above.

If we look at the chart we can see that we are respecting the technicals on the chart) weekly candle is exactly touching the resistance trendline and support.

To be continued...

3/7

Looking at the on-chain data, we also observed something bullish. Yesterday, we printed the biggest $BTC outflow from the spot exchanges in a month. Over 8,000 $BTC left exchange wallets👀🔥

4/7

Meanwhile, the percentage of $BTC that has not moved in over 2 years continues to climb higher🚀

5/7

Lastly, JAN3 posted that Costa Rica is the next country starting to work on its Bitcoin strategy. Looks like more and more countries will start to adopt the Bitcoin standard🤔 $BTC