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Bitcoin Faces On-Chain Air Gap To $81,000: Will Momentum Build?
π€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
- βURPD data reveals a supply 'air gap' between $72,000 and $81,000 that could offer minimal resistance to Bitcoin's upward movement.
- βHeavy supply concentration exists between $60,000-$70,000, particularly around $67,000, after recent consolidation in this range.
- βBitcoin has broken above the dense $70,000 resistance zone, potentially clearing the path for further gains.
- βThe thin supply distribution above current levels suggests momentum could accelerate if buying pressure continues.
- βBitcoin is currently trading around $70,500, up 4% over the past week following the breakout.
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