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HomeCoinsBitcoinThree Resistance Ranges Revealed By BTC’s UTXO Age Bands

Three Resistance Ranges Revealed By BTC’s UTXO Age Bands

  • CryptoQuant has shared new information about BTC’s UTXO age bands.
  • These UTXO age bands are exhibiting probably resistance ranges.
  • BTC is at present buying and selling arms at $16,798.04 after a 0.15% drop in worth.

The on-chain information and analytics agency Crypto Quant took to Twitter earlier in the present day to share some new information on Bitcoin’s (BTC) UTXO ( unspent transaction output) age bands. A UTXO is the quantity of digital forex remaining after a cryptocurrency transaction is executed. The Tweet centered on the 1-3 month, 3-6 month, and 6-12 month age bands.

Bitcoin: realized worth – UTXO age bands (Supply: CryptoQuant)

The chart supplied by CryptoQuant signifies that these UTXO age bands are exhibiting probably resistance ranges. The 1-3 month age bands’ resistance lies at $17,8K, whereas the resistance for the 3-6 month band lies at $21.4K. The resistance for the 6-12 month age band lies at $34.4K.

The quantity of unspent BTC UTXO means that little or no new individuals are shopping for BTC, which may have a destructive affect on the value of the crypto.

Bitcoin / Tether US 1D (Supply: CoinMarketCap)

In keeping with CoinMarketCap, BTC is at present buying and selling arms at $16,798.04 after a 0.15% drop in worth during the last 24 hours. The crypto king was in a position to attain a excessive of $16,878.76 and a low of $16,790.28 over the identical time interval.

BTC is, nevertheless, nonetheless within the inexperienced by 1.42% during the last seven days. The crypto was additionally in a position to strengthen towards its greatest competitor, Ethereum (ETH) by about 0.12% during the last day. Wanting on the crypto king’s month-to-month efficiency, we see that BTC is down by 0.99% during the last thirty days.

See also  Mt. Gox extends deadline for BTC reimbursement registration

Additionally within the purple zone is BTC’s 24-hour buying and selling quantity which at present stands at $14,049,485,103 after a greater than 13% lower since yesterday. The market chief’s market cap at present stands at $323,335,742,859.

Disclaimer: The views and opinions, in addition to all the knowledge shared on this worth evaluation, are revealed in good religion. Readers should do their very own analysis and due diligence. Any motion taken by the reader is strictly at their very own danger. Coin Version and its associates is not going to be held answerable for any direct or oblique injury or loss.

CoinsTeacher

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