Bitcoin

<ul><li>Bitcoin&#39;s price must close above $71,591 (0.888 Fibonacci) to maintain its upward trend and break recent resistance.</li><li>Key supports at $66,627 and $64,567 are crucial for sustaining Bitcoin&#39;s momentum amid recent upward trends.</li><li>Trading volume hit $25.78B with Bitcoin up 2.11%, indicating robust market activity and potential bullish continuation.</li></ul>The current Bitcoin cycle has seen a notable resurgence of long-term holders. In March, 3.7% of Bitcoin over ten years old was spent, coinciding with Bitcoin&#39;s peak at $70,000. As highlighted by <a href="https://x.com/jjcmoreno/status/1794055158348787712" rel="noopener noreferrer nofollow">Julio Moreno</a>, head of Research at CryptoQuant, this figure currently stands at 2.5%. This percentage reflects the 30-day cumulative annualized spending of Bitcoin held for over ten years.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcIR77gprp6QekT6hND8dVmaCbdwtiDgWaWyAaRCWnhi688O8C5u4kONMt4X9dz75bHj7o9t5DhspwlsvZcU1-BWpGYwCOO_N8aV98vmxrR6IoYZ0jJpAdt8QL3nvirY1qYEq9x7qNVGOLMp8KcezEnmfw?key&#61;BRTcfcHPPaEFY_Ao02SXXA" />As further noted by <a href="https://x.com/ChartingGuy/status/1794119495147200698" rel="noopener noreferrer nofollow">Charting Guy</a>, a top analyst, <a href="https://cryptotale.org/bitcoin-below-70k-ethereum-soars-while-solana-takes-a-dip-whats-next/" rel="noopener noreferrer nofollow">Bitcoin&#39;s</a> price must close above the 0.888 Fibonacci level, at $71,591, to continue its upward trend. This level has consistently acted as resistance during the recent consolidation phase.<a href="https://cryptotale.org/delaware-supreme-court-revives-bitgos-100-million-lawsuit-against-galaxy/" rel="noopener noreferrer nofollow">Read more - &gt;</a><a href="https://cryptotale.org/breaking-down-bitcoins-resistance-levels-will-71591-be-the-turning-point/" rel="noopener noreferrer nofollow"> https://cryptotale.org/breaking-down-bitcoins-resistance-levels-will-71591-be-the-turning-point/</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Breaking Down Bitcoin's Resistance Levels: Will $71,591 Be the Turning Point?

CryptoTale

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