Bitcoin Price Under Threat: $12,000 Void Opens Up Possibility Of Crash Toward $75,000

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Bitcoin Price Under Threat: $12,000 Void Opens Up Possibility Of Crash Toward $75,000 - NewsBTC

Quick Summary:

The analysis, which is based on the Bitcoin UTXO Realized Price Distribution (URPD) ATH-Partitioned, reveals a lack of significant support in this range and raises concerns over a quick crash towards $75,000.$12,000 Void Shows Lack Of Support Between $87,000 And $75,000 Data from Bitcoin’s UTXO Realized Price Distribution (URPD) ATH-Partitioned metric shows that the range between $87,000 and $75,000 lacks substantial realized price activity.

The UTXO is a relatively quiet but important technical indicator that provides insights into the distribution of Bitcoin across different price levels and focuses on UTXOs (Unspent Transaction Outputs).

At the time of writing, Bitcoin is struggling to hold above the $94,000 mark after recovering briefly from its recent crash to $91,000. Related Reading: Bitcoin Sentiment Plummets To Neutral: Reversal Signal?