Bitcoin ($BTC) has more recently come to rest around the $74,000 mark, a key price point that aligns with some very significant on-chain data. For many traders and analysts, this level has become an important psychological threshold, as it happens to coincide with one of the largest supply clusters in the current market. These clusters represent areas where substantial amounts of Bitcoin are held by investors displaying some rather consistent behavior over the past several months. This is interesting because it might mean that, with a little bit of luck, Bitcoin will “succeed” at this price point in kind of
The post Bitcoin’s Price Stabilizes: Support Found at $74K Amid Strong Demand Clusters appeared first on The Merkle News.
