NewsBTC

3 April 2025

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Analyst Highlights Bitcoin Demand Zone Between $65,000 and $71,000

CryptoQuant contributor BorisVest identified a key demand zone for Bitcoin (BTC) between $71,000 and $65,000. This zone is based on the Active Realized Price (ARP) at approximately $71,000, indicating a potential 20% pullback from the current price of around $84,000. The True Market Mean Price (TMMP) also supports this demand level at $65,000.

Key Insights

• Bitcoin currently trades about 10% higher than its recent local bottom of $77,000.
• Market uncertainty persists due to looming trade tariffs from the US administration.
• BorisVest forecasts significant demand if prices decline into the identified range.
• Analyst Ali Martinez noted resistance levels at $86,200 (200-day MA) and $88,300 (50-day MA).
• A break above these levels could indicate bullish momentum.
• Recent reports suggest potential easing of trade tensions may support BTC's recovery.

As of now, BTC is trading at $84,820, reflecting a 1.5% increase over the past 24 hours.