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.