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CryptoGeekHere
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Bitcoin continued to show good growth, taking out equal highs EQH $70.750. It's time to deal with the question 'What should we expect next❓' There are no prerequisites for a strong correction at the moment - the whales🐋 are serious and there is no reason to reverse the rise now. We may see a small correction to Imbalance $70.100-$69.250 and EMA30 during this week. Global sentiment remains entirely bullish🐂 - the bullish context invalidation point has shifted to $67.500 and remains very distant and alts are well behind - there is good room for upside📈 ➡️Even if we don't see the major target of $72.900 being reached soon, longs on alts and Ether will easily break this 'stagnation' in profitable trades. Follow me for more insights! 😈 #BTC☀ $BTC {spot}(BTCUSDT)

Bitcoin continued to show good growth, taking out equal highs EQH $70.750. It's time to deal with the question 'What should we expect next❓'

There are no prerequisites for a strong correction at the moment - the whales🐋 are serious and there is no reason to reverse the rise now. We may see a small correction to Imbalance $70.100-$69.250 and EMA30 during this week.

Global sentiment remains entirely bullish🐂 - the bullish context invalidation point has shifted to $67.500 and remains very distant and alts are well behind - there is good room for upside📈

➡️Even if we don't see the major target of $72.900 being reached soon, longs on alts and Ether will easily break this 'stagnation' in profitable trades.

Follow me for more insights! 😈

#BTC☀ $BTC

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📊 URPD Metric Highlights Bitcoin’s Potential for Price Surge 📈 What is UTXO/URPD? In cryptocurrencies, an unspent transaction output (UTXO) or URPD Unspent Realized price Distribution is a distinctive element in a subset of digital currency models. A UTXO represents a certain amount of cryptocurrency that has been authorized by a sender and is available to be spent by a recipient. The utilization of UTXOs in transaction processes is a key feature of many cryptocurrencies, but it primarily characterizes those implementing the UTXO model. Using the URPD metric, or UTXO Realized Price Distribution, offers a clear view of Bitcoin’s market dynamics and investor sentiment. This metric provides critical insights into the concentration of Bitcoin coins around the current spot price, highlighting areas of strong support and minimal resistance. 📊 Strong Support and Minimal Resistance The URPD metric shows that about 15.9% of Bitcoin’s total supply is clustered just below the current price, indicating robust support at these levels. In contrast, only 1.1% of the supply is above the current price, suggesting minimal resistance. This imbalance implies that with continued demand, Bitcoin’s price could rise significantly. 📈 Interpreting Market Sensitivity This metric helps identify potential support and resistance levels. The substantial support below the current price reflects strong investor confidence, while the sparse supply above suggests a high potential for rapid price increases if demand persists. 💰 Investment Implications For investors, these insights are crucial. Strong support indicates a lower risk of significant declines, and minimal resistance above suggests considerable potential for price appreciation. This combination points to a bullish outlook for Bitcoin in the near term. 🌟 #BTC $BTC
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