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⛓️ Crypto🟒 BullishImportance 6/10Actionable

Bitcoin Faces On-Chain Air Gap To $81,000: Will Momentum Build?

NewsBTC|Keshav Verma|
Bitcoin Faces On-Chain Air Gap To $81,000: Will Momentum Build?
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πŸ€–AI Summary

Bitcoin faces minimal resistance between $72,000-$81,000 according to URPD analysis, showing an 'air gap' with little supply concentration in this range. After breaking above $70,000, BTC could see accelerated upward momentum if current levels hold as support.

Key Takeaways
  • β†’URPD data reveals a supply 'air gap' between $72,000 and $81,000 that could offer minimal resistance to Bitcoin's upward movement.
  • β†’Heavy supply concentration exists between $60,000-$70,000, particularly around $67,000, after recent consolidation in this range.
  • β†’Bitcoin has broken above the dense $70,000 resistance zone, potentially clearing the path for further gains.
  • β†’The thin supply distribution above current levels suggests momentum could accelerate if buying pressure continues.
  • β†’Bitcoin is currently trading around $70,500, up 4% over the past week following the breakout.
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