🔲According to CryptoQuant contributor Boris West, buying Bitcoin in the $65,000–$71,000 range could lead to significant gains. On-chain analysis shows that the asset’s realized price is around $71,000, while the true average market price points to $65,000 as a key support level.
🔲West notes that within this range, “weak hands” may sell, while “strong hands” will likely accumulate. A potential drop into this corridor could trigger a surge in demand.
🔲Previously, analyst Michaël van de Poppe identified $76,600 as a crucial support level, after which Bitcoin may resume its upward trend. Researchers at Nansen also predict the crypto market could find its bottom before June.