Analyst: BTC $63k is the watershed between bulls and bears; multiple support levels form the entry range

BTC2.53%

Gate News message, on April 9, crypto analyst Ali Martinez posted on the X platform saying that the current volatility may form a cycle-level get on board opportunity, and he has marked several key price zones based on on-chain data. The UTXO realized price distribution (URPD) shows that a large amount of positions are concentrated in the $63,111 to $70,685 range, forming the main support band. If it breaks below $63,111, the market may enter a liquidity vacuum zone. From the long-term trend, BTC is approaching the key uptrend line from the past decade (around $56,000–$60,000). Historically, this area has repeatedly corresponded to the accumulation phase before major pumps. In more extreme cases, the CVDD indicator corresponds to about $47,960, which is regarded as a structural bottom. The MVRV 0.8 range is around $43,647, representing a phase where the market is in extreme pain. If a black swan event occurs, the price may temporarily dip to around $36,657. Ali Martinez suggests using a staged entry strategy (DCA), adding positions gradually across different support bands.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

If BTC Falls Below $74,650, Mainstream CEX Long Liquidations Could Hit $2.284 Billion

According to Coinglass data as of May 1, if Bitcoin falls below $74,650, cumulative long liquidations across mainstream centralized exchanges could reach $2.284 billion. Conversely, if BTC breaks above $81,948, cumulative short liquidations would total $1.248 billion.

GateNews47m ago

AIMCo Returns to Saylor Bitcoin Treasury Investment With $69M Gain

Canadian pension fund Alberta Investment Management Corp. (AIMCo) has re-entered its investment in Michael Saylor's bitcoin treasury company, reversing a previous exit from the position. The fund is now sitting on an unrealized gain of $69 million from the investment. Investment Position AIMCo's

CryptoFrontier1h ago

Paradigm Researcher Proposes PACTs to Protect Satoshi-Era Bitcoin From Quantum Threats

According to Paradigm, researcher Dan Robinson recently proposed Provable Address-Control Timestamps (PACTs), a model designed to protect dormant bitcoins, including those associated with Satoshi Nakamoto, from quantum computing threats. The system allows bitcoin holders to prove wallet ownership an

GateNews1h ago

Stablecoins Capture 40% of Latin America Crypto Purchases, Overtaking Bitcoin for First Time

According to BitSo, stablecoins accounted for 40% of all crypto purchases among Latin Americans in 2025, surpassing Bitcoin's 18% share for the first time. The data, drawn from nearly 10 million platform users, marks a significant shift in regional digital asset adoption, with stablecoins like

GateNews1h ago

Riot Platforms Transfers 500 BTC Worth $38.2M to NYDIG

According to Lookonchain, a wallet linked to US-based Bitcoin mining company Riot Platforms transferred 500 BTC (valued at $38.2 million) to crypto financial services firm NYDIG approximately five hours ago. The transfer's purpose remains unclear—it could represent a sale to cover operational

GateNews2h ago

SBI Holdings Pursues Bitbank Acquisition for Subsidiary Status

SBI Holdings has entered into talks to acquire shares in Bitbank, aiming to make the crypto exchange operator a consolidated subsidiary of the major Japanese financial services conglomerate, according to a statement from SBI Chairman

CryptoFrontier3h ago
Comment
0/400
No comments