Decoding Bitcoin’s supply gap: Can BTC bulls reach $84,569?

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Bitcoin is consolidating its bullish structure through favorable on-chain conditions and limited available supply above current prices. Analyst Ali Martinez predicts that clearing the $75,733 level could open the path toward the $83,307 to $84,569 price zone, where approximately one million BTC previously changed hands. The MVRV ratio has strongly rebounded following its recent downturn, a signal historically associated with transitions toward sustained recovery phases. The NVT ratio dropped 21.64% in 24 hours to 16.3258, strengthening the network’s valuation conditions. Bitcoin is heading toward the $75,261 zone with an RSI at 83.21 indicating overbought conditions, with the next resistance level at $78,095.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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