An analyst has revealed the Bitcoin price zones that could serve as critical support and resistance centers. IT Tech, a CryptoQuant author, has highlighted these zones in a new post on X, noting the significance of the number of tokens purchased at different price levels.
The chart from IntoTheBlock, shared by the analyst, shows price ranges and the amount of BTC purchased in these ranges. Two price points, $59,160-$60,973 and $64,670-$66,483, stand out.
Nearly 1.7 million addresses bought 965,239 BTC within the $59,160-$60,973 range, making it a crucial support zone as investors react at their break-even points. Analysts believe BTC can find support at these levels.
The $64,670-$66,483 range presents a major resistance zone since many holders aim to break even or regain capital at these levels. BTC trading at $60,200 at the time of writing.
