Over 320,000 active Bitcoin addresses interact at current price levels.
Also, 220,000 addresses have an average purchase price of $68,500.
Potential support is forming around $68.5K amid strong buying interest.
Bitcoin is consolidating near its all-time high, with over 320,000 active addresses engaging around the $68,761 price level, according to IntoTheBlock data. This signals significant investor activity as Bitcoin hovers near record levels.
$68.5K Becomes a Key Support Level
Data shows that 220,000 Bitcoin addresses have an average purchase price of $68,500, suggesting this level may serve as a critical support zone. Many investors are likely to defend this price range, reinforcing market stability and potentially limiting selling pressure in the near term.
As Bitcoin consolidates near its old all-time high, more than 320,000 active addresses are interacting within this price range.
Notably, 220,000 of these addresses have an average acquisition price around $68.5k, suggesting a strong level of interest and potential support at… pic.twitter.com/GVwPVUhDYV
— IntoTheBlock (@intotheblock) October 21, 2024
Meanwhile, Bitcoin reached a three-month …
The post Bitcoin Consolidates Near All-Time High With 320,000 Active Addresses appeared first on Coin Edition.
