Bitcoin price analysis: BTC sitting just below an 'air pocket' above $72,000
CoinDesk
Bitcoin is near a $72,000 resistance level, potentially leading to a quick surge toward $80,000 due to thin supply in that range.Summary
Bitcoin's price is approaching a key resistance zone between $72,000 and $80,000, which Glassnode data indicates is an "air pocket" representing only about 1% of circulating supply with few established positions. This thin supply suggests limited resistance, meaning a decisive push above $72,000 could result in a rapid move toward $80,000. Historically, Bitcoin has moved quickly through this range, such as during the November 2024 surge after the U.S. election and a sharp decline in January. Conversely, data from Glassnode's URPD metric shows strong support below current levels, with over 400,000 BTC accumulated between $60,000 and $70,000 during recent consolidation.
(Source：CoinDesk)