Bitcoin Struggles to Break Through $97,532 Resistance

- Cryptocurrency - March 27, 2025
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Crypto expert Ali Martinez has shared new insights into Bitcoin’s price movement. Using a key market indicator called UTXO Realized Price Distribution (URPD), he has pointed out important price levels where Bitcoin might find support or face resistance.

Right now, Bitcoin is stuck below $84,380, as the market remains uncertain.

$97,532 Could Decide Bitcoin’s Next Move

The Unspent Transaction Output (UTXO) is a way to track where Bitcoin was last moved. By looking at these points, experts can find price levels where many people bought Bitcoin, which helps in spotting strong support and resistance zones.

According to data from Glassnode, a large number of investors purchased Bitcoin around $83,444, making this a strong support level. Since Bitcoin is still above this price, it shows that the market is trying to push higher.

However, a big challenge lies ahead at $97,532. Many Bitcoin transactions happened at this level, meaning that a lot of investors may try to sell here. If Bitcoin manages to move past this price, a new rise could begin, possibly leading to new all-time highs. But if it fails to break through, Bitcoin’s price might stay stuck or even fall back.

Bitcoin

Is Bitcoin Ready to Rise Again?

Another analysis by Martinez focused on the Bitcoin Sharpe Ratio, which helps measure whether Bitcoin’s price is stable enough for a good investment.

It was explained that the best times to buy Bitcoin have been when the Sharpe Ratio shows low risk. Right now, the ratio still shows high risk, meaning that investors might need to wait before making a move.

Martinez said:

“We’re not there yet, but once we get close, it could be the perfect time to buy!”

At this moment, Bitcoin is trading at $84,075, showing a small 0.27% increase in the last 24 hours. However, trading activity has dropped by 46.41%, meaning fewer people are buying and selling Bitcoin right now.

With $97,532 acting as a key barrier, traders are waiting to see whether Bitcoin can break through and start a new rally or stay in its current range.

The post Bitcoin Struggles to Break Through $97,532 Resistance appeared first on The Cryptoplay : All updates about Cryptocurrency worldwide.



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