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BTC holds the support level of US$61,000, analysts focus on the resistance level of US$84,000, and t

2026-07-24 12:45:25
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Bitcoin is remaining above a key support area, and strong investor accumulation continues to affect its market outlook. Recent indicators on the chain show that long-term holder confidence is still high and the circulation supply is decreasing, triggering market speculation that a new round of bullish trend may emerge.

Investor accumulation and market structure

The current trading price of Bitcoin is US$65,083.18, with a 24-hour trading volume of US$24.13 billion, and a market value of US$1.3 trillion. Despite a 1.42% decline over the past day, recent price movements suggest that medium-term bullish potential is growing.

Cryptocurrency market analyst Ali Charts pointed out that Bitcoin has built a strong support base in the range of US$63,111 to US$61,840. The assessment is based on UTXO realized price distribution (URPD) data, which shows that more than 1.3 million bitcoins have changed hands within this range. This highly active transaction indicates strong investor demand and could become a key area for a potential correction. If Bitcoin continues to trade above this range, subsequent resistance is expected to be relatively low until the US$84,569 level, where approximately 582,000 bitcoins previously changed hands. However, once the US$61,000 support is lost, downside risks may re-emerge, leading to a shift in the current bullish structure. Traders are watching this level closely and viewing it as a potential turning point in the direction of Bitcoin prices.

(UTXO's realized price distribution (URPD) is an on-chain indicator used to visualize the price point at which existing unspent bitcoin output last moved, helping analysts identify areas of intense investor activity and potential support or resistance levels.)

Strengthening accumulation trend among long-term holders

Another market commentator CryptoJack emphasized that the supply of long-term holders of Bitcoin has reached a record high. This data shows that as more bitcoins are transferred to wallets designed for long-term holding, the amount of bitcoins available for exchange trading decreases, and firm investor confidence continues to be solid. Such cumulative trends often occur in the market stage before prices rise significantly. If demand continues to grow, reduced supply on trading platforms may further exacerbate upward price pressures.

Indicators show that long-term traders are turning their attention to Bitcoin's growth prospects, and more Bitcoin is moving into holding wallets, indicating that investors expect future valuations to be higher as exchange supply dwindles. As the number of bitcoins currently available on exchanges decreases, supply restrictions may lead to increased volatility in the bitcoin market if new demand emerges quickly.

Key Resistance Levels and Future Outlook

Analysts pointed out that if buyers maintain positions and continue to accumulate momentum, Bitcoin may approach resistance levels near $84,000. This scenario requires prices to remain above $61,000 to confirm a bullish structure. If Bitcoin falls below this key support area, it may lead to further downside. Market participants are paying close attention to the behavior of large households and exchange supply and demand trends.

Analysis shows that Bitcoin's next major move is likely to depend on whether key support around $61,000 can be held, as the continued cumulative trend puts upward pressure on prices. Future trends still depend on how investors and traders respond to these changing market conditions.

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