Bitcoin’s Price Movement Depends on Key Resistance Levels

The Bitcoin (BTC) market remains in consolidation without significant price movement. Analyst Ali Martinez identified two resistance levels crucial for a potential bull run.

Key Resistance Levels

First resistance at $85,470, marking the upper limit of a range starting at $83,023.
1.13 million wallets have traded 607,200 BTC within this range, indicating strong selling pressure.
Second resistance at $92,950, lower boundary of a ceiling extending to $95,514.
795,830 active wallets involved, with approximately 627,410 BTC traded in this range.
To maintain upward momentum, Bitcoin must avoid dropping below the support zone at $80,450.
This support zone ranges up to $82,907, with 516,770 BTC transacted and around 738,580 active wallets.

Bitcoin

Network Fees Decline

Bitcoin network fees decreased by 57.3% over the past week, reflecting reduced user engagement.
Price experienced a minor decline of 0.11% during the same period.
Post US tariff announcements, Bitcoin rose by 2.2%, while traditional stocks fell by an average of 12.18%.

Bitcoin