Here’s Where Bitcoin Could Face Significant Resistance
21.01.2025 11:00 1 min. read Kosta Gushterov
Cryptocurrency research firm Alphractal has issued a warning, suggesting that Bitcoin may be nearing a local peak.
Based on their analysis, the firm predicts that Bitcoin’s price could reach a local top around the $111,000 mark.
This forecast is grounded in the Cumulative Value Days Destroyed (CVDD) metric, which Alphractal describes as one of the most effective tools for identifying price bottoms in Bitcoin’s market.
The firm highlights the $111,000 price point as a significant resistance level.
The analysts explained that the CVDD Channel, which is composed of several lines derived from the CVDD metric, provides a reliable means of pinpointing support and resistance zones.
They estimate that the $111,110 level represents a key resistance point. While breaking this barrier could signal bullish momentum, Alphractal cautioned that this level might continue to act as a ceiling for Bitcoin’s price in the short term.
-
1
Market Expert Predicts Bitcoin’s Next Major Rally Is Just Months Away
22.03.2025 11:00 2 min. read -
2
Why Pi Network Is Struggling to Secure Exchange Listings
23.03.2025 14:00 2 min. read -
3
Bitcoin Price Could Fall to $70,000, Predicts Bloomberg Strategist
10.03.2025 19:05 1 min. read -
4
Ethereum Struggles Against Bitcoin as Analysts Warn of Further Declines
13.03.2025 19:00 1 min. read -
5
Analysts Predict Incoming Altcoin Season as Market Enters Accumulation Phase
22.03.2025 14:00 2 min. read
Metaplanet Expands Bitcoin Holdings with $13M Bond Issuance
Metaplanet has taken a bold step in its Bitcoin strategy by issuing ¥2 billion ($13.3 million) in zero-interest bonds, a move aimed at expanding its cryptocurrency holdings.
Michael Saylor’s Strategy Adds $2B in Bitcoin Despite Market Jitters
Michael Saylor’s firm, Strategy, has significantly increased its Bitcoin holdings by purchasing 22,048 BTC for nearly $2 billion, capitalizing on a market dip.
Bitcoin Accumulation Phase Signals Potential Price Rise, According to CryptoQuant
CryptoQuant, a prominent cryptocurrency analytics firm, has revealed insights into the current behavior of seasoned Bitcoin investors.
Bitcoin Could Soar to New Heights Despite Current Correction – Lyn Alden
Lyn Alden, a well-known expert in macroeconomics, recently compared the ongoing Bitcoin correction to a similar dip seen in March 2024, highlighting a key on-chain metric that could provide clues about Bitcoin’s future price movement.
-
1
Market Expert Predicts Bitcoin’s Next Major Rally Is Just Months Away
22.03.2025 11:00 2 min. read -
2
Why Pi Network Is Struggling to Secure Exchange Listings
23.03.2025 14:00 2 min. read -
3
Bitcoin Price Could Fall to $70,000, Predicts Bloomberg Strategist
10.03.2025 19:05 1 min. read -
4
Ethereum Struggles Against Bitcoin as Analysts Warn of Further Declines
13.03.2025 19:00 1 min. read -
5
Analysts Predict Incoming Altcoin Season as Market Enters Accumulation Phase
22.03.2025 14:00 2 min. read
