In October, Bitcoin's price remained stable, recently breaking the $63,000 barrier. However, the cryptocurrency must surpass the crucial $64,000 resistance level to maintain its bullish trajectory.
Analyst ShayanBTC emphasizes that $64,000 and $55,000 are key levels for Bitcoin investors to monitor. These levels, derived from the Realized Price UTXO age bands, highlight Bitcoin holders' average acquisition prices and can serve as support or resistance indicators.
Bitcoin's current price sits between the short-term and long-term holders' realized prices of $64,000 and $55,000. A breakthrough above $64,000 could suggest bullish momentum, while failure to do so might result in selling pressure and a possible correction toward $55,000.
As of now, Bitcoin trades at $63,249, marking a 1.1% daily increase and a 2% rise over the past week.
