Purchases of the first cryptocurrency at the marks between $ 65,000 to $ 71,000 “can potentially lead to significant benefits”, Cryptoquant Boris West, shared his opinion.
In onchan-analysis, the price realized is a weighted average value, against which all existing coins were last moved on the network.
The modified indicator given by Vesta excludes the long -lost and “sleeping” coins, helping investors “determine the level of support based on more fresh market activity”.
According to him, the potential falling of the quotes in the range between the true average market and the prices realized may be accompanied by a surge of significant demand.
He also noted that with a high probability in this corridor, “weak hands” will discard coins, while “strong” – on the contrary, accumulate.
Recall that the analyst Michael Van de Poppe allocated $ 76,600 as an important level of support, after which the price of bitcoin can return to growth. Earlier, Nansen researchers allowed the achievement of the bottom of the bottom until June.
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Source: Cryptocurrency
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