Bitcoin at a crossroads .. conditional climb and vital support at 80,450 dollars

Bitcoin (BTC) is still swinging within a limited range without a clear price penetration, so that the anticipation situation in the market continues amid mixed expectations by analysts about the next track.

In this context, the famous analyst Ali Martinez revealed two resistance areas representing a decisive point for the future of the rising trend, depending on the data of the on -chain from the InTothheblock platform.

Two critical resistance regions .. 85,470 and 92,950 dollars

During the past weeks, Bitcoin has not been able to maintain a clear rising trend, as it was met with several strong price rejections at 85,000 and 88,000 dollars, which strengthened the state of caution in the market, yet Martinez revealed two areas that constitute an obstacle to the resumption of the wave of ascension.

The first region starts from $ 83,023 and reaches $ 85,470, and it constitutes a strong price barrier, as data showed that 607,200 bitcoins were circulated within this range, through 1.13 million active wallets, and this large amount of historical activity indicates a great possibility of a strong sale pressure that may hinder the price of the price at this level.

As for the second area of ​​the resistance, it is located between $ 92,950 and $ 95,514, although the number of active portfolios here is less and about 795,830 wallets, but the trading volume in this region reached 627,410 Bitcoin, which makes the market impact of this region relatively larger, and passing this barrier means that Bitcoin is more likely entering a extended rise.

Vital support at the level of 80,450 dollars

On the other hand, Martinez pointed out that there is a strong support area starting from $ 80,450 and extending to $ 82,907, as 516,770 bitcoins were traded within this range by 738,580 active portfolios, and this area is a safety valve in front of any possible landing, as the presence of a strong purchasing activity here may push the price to the bounce if it is exposed to pressure.

Network fees decrease by 57% .. What does that mean?

Away from technical analysis, the InTotheblock platform data showed that the Bitcoin network fees have decreased by 57.3% during the last week, indicating a decrease in general activity and participation from users, and despite that the price did not record a slight decline of 0.11%, which indicates that the market is still in a fragile balance.

Positive market response to American customs duties

In a remarkable development, the digital market showed a positive response to the United States’s decision to impose new customs duties, which is a shift in investor behavior compared to previous times. The Bitcoin price increased by 2.2% after announcing the fees on the second of April, while traditional markets recorded, specifically the shares of the “seven great” losses with an average of 12.18%, and this contrast may enhance the Bitcoin site as an alternative haven at the time of economic crises.