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  3. Bitcoin Eyes $83,000 Resistance as Key On-Chain Metrics Converge
5 days ago

Bitcoin Eyes $83,000 Resistance as Key On-Chain Metrics Converge

BitcoinbitcoinBitcoin Price PredictionBitcoin ResistanceBTC Price Analysiscrypto market analysisMVRV Pricing Bandon-chain metricsSTH Cost Basis

TLDR: Bitcoin is trading near $77,998 as it approaches a low-activity heatmap zone extending to $83,000. The STH Cost Basis and True Market Mean Price are both converging around $79,000 to $83,000 resistance. Bitcoin has reclaimed the -0.5 MVRV pricing band at $73,700, keeping the bullish trend scenario valid. Losing $73,700 support could push Bitcoin [...]

The post Bitcoin Eyes $83,000 Resistance as Key On-Chain Metrics Converge appeared first on Blockonomi.

Source: Blockonomi →

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