Bitcoin Faces Key Resistance at $67,000 and $72,000, Says CryptoQuant
As Bitcoin continues its upward move, it approaches crucial resistance at $67,000 and $72,000, according to on-chain data from CryptoQuant. These levels are based on the realized price of short-term holders.
Bitcoin’s ongoing rally is pushing it toward two significant resistance zones identified by CryptoQuant: $67,000 and $72,000. The levels are derived from the realized price of short-term holders, an on-chain metric that tracks the average acquisition cost of coins moved within a relatively short window.
Short-term holders often face selling pressure when the market price returns to their cost basis, making these thresholds a potential barrier for further upside. A decisive break above could signal renewed momentum, while rejection might trigger a pullback.
Traders are watching these levels closely as the asset consolidates near recent highs.
Source: ForkLog