Analysis: There are still three groups of trapped bitcoin holders above, with the most recent trapped positions at $88,880
BlockBeats News, May 7, according to CryptoQuant data, Bitcoin is currently holding steady at $80,000, but three groups of locked-in holders remain above this price, forming effective resistance.
3–6 months realized price: $88,880 — the first overhead resistance ceiling;
12–18 months realized price: $93,450 — the second wall;
6–12 months realized price: $111,850 — the heaviest resistance, 29% higher than the current price.
Analysis points out that for Bitcoin to confirm the bottom, the price needs to break through and hold above $88,880. Only then can the most recent group of holders return to profit and relieve the first layer of selling pressure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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