en
Back to the list

Bitcoin Holds Key Support at $64K as Realized Price Chart Signals Stability

source-logo  cryptonewsland.com 4 h
  • Bitcoin’s realized price data shows strong support at $64.2K to $64.8K across holder groups.
  • This support level is backed by short-, mid-, and long-term Bitcoin investors.
  • Bitcoin’s stability above $64K indicates strong confidence among BTC holders.

Bitcoin’s realized rates chart shows a solid support range between $64.2K and $64.8K, creating stability for BTC prices. CryptoQuant’s data reveals that this range spans multiple holding periods, reinforcing its strength as a base for the asset. This convergence of support from various holder groups suggests confidence in BTC’s expenses resilience.

「 #BTC $64.2K~$64.8K 主要支持価格」

ビットコインの実現価格(平均単価)をモニタリングすることで、主要な支持・抵抗価格を知ることができます。… pic.twitter.com/OvH3lDQfUF

— CryptoQuant.com Japan🇯🇵 (@CryptoQuant_JP) November 5, 2024

Key Realized Price Levels Define Support

Bitcoin’s noticed price reflects the average purchase price for BTC currently in circulation, giving insight into valuation stability. This metric identifies where BTC holders could break even and avoid selling at a loss. Support at $64.2K–$64.8K spans three holding periods: one week to one month, one to three months, and three to six months.

Holders who acquired BTC within one week to one month reflect recent sales entrants who likely sell near their cost. Mid-term holders within the one-to-three-month range also reinforce this support as they monitor market movements. Long-term holders in the three-to-six-month range add stability, supporting BTC’s price in this range and showing increased confidence in these levels.

365-Day SMA Shows Market Trends

The 365-day simple moving average tracks the token’s market price over the past year, showing long-term market trends. When Bitcoin’s price aligns with the SMA, it indicates a balanced sentiment among buyers and sellers and reduces potential volatility. Currently, BTC’s price near the SMA suggests a stable market view with less risk of sharp fluctuations.

Bitcoin’s proximity to the 365-day SMA aligns with the realized price range, supporting the $64K zone as a stable level. This alignment strengthens BTC’s support at $64.2K–$64.8K, building a psychological anchor for investors wary of short-term dips.

Implications for Bitcoin Investors

The clustering of realized prices between $64.2K and $64.8K offers investors confidence in BTC’s stability. This support from various holding periods suggests that Bitcoin’s price could remain strong above this range. If BTC holds steady, investors may find reassurance in its resilience.

Yet if BTC falls below this range, it could prompt investors to reassess strategies. These realized prices give valuable insights into Bitcoin’s valuation and offer investors a clearer view of where BTC might maintain stability across market changes.

cryptonewsland.com