Bitcoin’s price has not particularly impressed over the past two weeks, but it has steadied within a clear consolidation range. It faced resistance around $74,000 on Friday, March 13. Recent on-chain data indicates the barrier may be less formidable than it appears. The analysis centers on the URPD metric, which tracks the volume of BTC purchased at specific price levels to identify potential support or resistance zones.
The metric suggests Bitcoin may have room to advance to around $82,045, a level seen as a potential on-chain resistance. If momentum holds, a move to that level would imply more than a 17% rally from current prices; if momentum falters, support near $66,898 remains a key fallback. As of now, Bitcoin trades around $70,820, up about 0.5% in the last 24 hours and roughly 3% over the past week.
Bitcoin’s price has not been particularly impressive over the past two weeks, but it has steadied within a clear consolidation range. It recently faced resistance around $74,000 on Friday, March 13. Recent on-chain data suggests the barrier may be less formidable than it appears.
The analysis centers on the URPD metric, which tracks the volume of BTC purchased at specific price levels to identify potential support or resistance zones. The metric indicates Bitcoin could have room to advance to around $82,045, a level seen as the next major on-chain resistance. If momentum holds, reaching that level would imply more than a 17% rally from current prices.
If momentum falters, the next major support sits near $66,898, offering a fallback. Ultimately, Bitcoin appears to be expanding its consolidation with around $82,000 as the potential upper boundary. As of now, the price trades around $70,820, up about 0.5% in the last 24 hours and roughly 3% over the past week.
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