LATEST: Bitcoin Set to Enter a Bull Phase, Faces Insignificant Resistance

Crypto analyst and trader Ali Martinez, based at @ali_charts, shared on the web that Bitcoin is now heading into a path with very insignificant resistance. Martinez points to one critical supply area between $70,180 and $70,600, where high activity has been recorded.

Over 450,000 addresses have bought nearly 273,000 BTC in this critical range, reflecting good confidence from the investors’ side. This level, therefore, suggests that the current price point is a key battlefield poised across the buyer and seller front.

The bias remains bullish with strong support already established. That, in essence, is Martinez’s analysis that details favorable odds for the sustained upside of Bitcoin, which offers good sentiment to crypto enthusiasts and investors.


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