Bitcoin

<ul><li>CryptoQuant has shared new data about BTC’s UTXO age bands.</li><li>These UTXO age bands are showing likely resistance levels.</li><li>BTC is currently trading hands at $16,798.04 after a 0.15% drop in price.</li></ul>The on-chain data and analytics firm Crypto Quant took to Twitter earlier today to share some new data on <a href="https://coinedition.com/tag/bitcoin-btc-news/" rel="noopener noreferrer nofollow">Bitcoin’s (BTC)</a> UTXO ( unspent transaction output) age bands. A UTXO is an amount of digital currency remaining after a cryptocurrency transaction is executed. The Tweet focused on the 1-3 month, 3-6 month, and 6-12 month age bands.The chart provided by CryptoQuant indicates that these UTXO age bands are showing likely resistance levels. The 1-3 month age bands’ resistance lies at $17,8K, while 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.<a href="https://coinedition.com/three-resistance-levels-revealed-by-btcs-utxo-age-bands/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Three Resistance Levels Revealed By BTC’s UTXO Age Bands

Coin Edition

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