Buying Bitcoin between $65,000 and $71,000 “could potentially lead to significant gains,” shared CryptoQuant contributor Boris Vest.
Bitcoin’s Strong Support Zone
— CryptoQuant.com (@cryptoquant_com) April 2, 2025
“Our current strong and nearby support zone lies between $65,000 and $71,000… While weak hands may be selling in this area, strong hands are likely looking to accumulate and open new positions.” – By @Fundingvest
Link ⤵️https://t.co/BadaSboZAt pic.twitter.com/kgKNDpwFqf
“Market dynamics indicate that the actively realized price is around $71,000,” the expert noted.
In on-chain analysis, the realized price represents the weighted average cost at which all existing coins were last moved on the network.
Vest’s modified metric excludes long-lost and dormant coins, helping investors “determine a support level based on more recent market activity.”
“On the other hand, the true average market price provides a more precise assessment, indicating that the $65,000 level is a key support zone,” the analyst added.
According to him, a potential drop in prices within the range between the true average market price and the realized price could trigger a surge in significant demand.
“Buying Bitcoin within this range could yield solid profits,” Vest emphasized.
He also noted that in this corridor, “weak hands” are likely to sell off their holdings, while “strong hands” will continue accumulating.
Previously, analyst Michaël van de Poppe identified $76,600 as a crucial support level, after which Bitcoin’s price could resume growth.
Earlier, Nansen researchers suggested that the crypto market could reach a bottom by June.
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