Analyst: Bitcoin Faces Key Resistance at $72,500, Potential for Continued Pressure in Coming Months

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On March 29th, CryptoQuant analyst Darkfost published an article stating, “BTC has still failed to reclaim the realized price after excluding long-term dormant supply. This exclusion of Bitcoin held for over 7 years more accurately reflects the actual circulating supply. By filtering out lost bitcoins and long-term ‘diamond hand’ holdings, this adjusted realized price for Bitcoin is approximately $72,500, which is currently acting as a resistance level. BTC has been below this price for about two months. In every previous bear market cycle, BTC remained below this cost basis for 6 to 10 months, failing to effectively reclaim this level during that period. If this pattern repeats, BTC may continue to face pressure in the coming months, with the price likely to remain below $72,500.”

BTC-0.76%
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