The BTC rate is currently trying to gain a foothold above the key demand zone, the important support of $64,800. Analysts at #IntoTheBlock came to these conclusions based on on-chain metrics:
“Bitcoin is currently sitting just above a key demand zone, with 1.66 million addresses buying it at an average price of $64,800.
This price point could potentially act as a strong support level if the market continues to experience downward pressure."
Let us remind you that on our chart with volume levels (which is approximately the same), an important level for#BTCis now $64,120. As long as the price is higher, the chance of continued growth and ATH renewal is high.
