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<ul class="news-points"> 
 <li><strong></strong><strong>The demand zone at $34,300 and $30,200 are vital to BTC’s next direction.</strong></li> 
 <li><strong></strong><strong>Should buying pressure continue to drop, Bitcoin may fall below $36,000.&nbsp;</strong></li> 
 <li><strong></strong><strong>A breakout at $37,700 could help BTC hit $50,300 before the 2024 halving.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/btcs-rsi-breaks-above-70-is-this-the-begining-of-a-major-bull-run/">Bitcoin’s (BTC)</a> fall below $37,000 has brought about caution among holders and traders alike. However, according to analyst Ali Martinez on X, a break below the $36,400 support may lead to the coin’s drop to the critical demand zones of either $34,300 or $30,200.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> has found stable support around $36,400, but if this level breaks, the next critical demand zones for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> are at $34,300 and $30,200. <a href="https://t.co/5yY6fwbVq3" target="_blank" rel="nofollow">pic.twitter.com/5yY6fwbVq3</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1724320070036312506?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 14, 2023</a>
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</figure> 
<p>From the post above, Martinez considered the Unspent Transactions Output (UTXO) realized price to come to his conclusion. The UTXO refers to the amount of Bitcoin left after every transaction conducted on the blockchain.</p> 
<h3 class="wp-block-heading" id="h-bitcoin-risks-another-drop">Bitcoin Risks Another Drop</h3> 
<p>An assessment of the UTXO showed that there were a lot of transactions and demand for BTC around the $34,300 and $30,200 zones. The increase in demand in these areas implies that there was also a lot of change left aft…</p>
<p>The post <a href="https://coinedition.com/bitcoin-possible-rally-before-the-halving-depends-on-two-levels/">Bitcoin Possible Rally Before the Halving Depends on Two Levels</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Possible Rally Before the Halving Depends on Two Levels

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