Bitcoin's Key Demand Zone Identified Between $65,000 and $71,000 Amid Market Uncertainty

Edited by: Yuliya Shumai

According to a CryptoQuant Quicktake post published today, Bitcoin's major demand zone lies between $65,000 and $71,000. This range, identified using Active Realized Price (ARP) and True Market Mean Price (TMMP), could offer investors substantial gains if the price declines. Currently, Bitcoin is trading around $84,820, up 1.5% in the last 24 hours, after reaching a local bottom of nearly $77,000 on March 10. However, analyst Ali Martinez points to resistance levels at $86,200 (200-day MA) and $88,300 (50-day MA).

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