Cryptocurrency analysis firm Alphractal has identified some important price levels in Bitcoin with a special metric in its latest post.
Cryptocurrency analytics firm Alphractal has shed light on a unique on-chain metric called Alpha Price, which it describes as a “powerful” tool for identifying Bitcoin’s support and resistance zones.
“The powerful on-chain metric Alpha Price is drawing support and resistance zones like magic. Currently, Bitcoin is approaching the second upper line, which has prevented the price from exceeding it consistently since December 2024,” Alphractal said in a statement.
Alphractal argued that the Alpha Price model is reliable in flagging Bitcoin’s price movements and predicting key trading opportunities.
Source - Bitcoin Sistemi
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