Bitcoin remains in consolidation without a convincing price breakout, leading analysts to highlight 2 resistance zones identified by Ali Martinez as crucial for a crypto bull run.
The first resistance zone is at $85,470, backed by strong historical activity with 1.13 million wallet addresses trading 607,200 BTC within that range.
The second resistance zone at $92,950 has seen lower investor participation but a larger potential market impact, with approximately 627,410 BTC traded within this range.
Bitcoin must avoid falling below the crucial support zone at $80,450 to maintain the possibility of a prolonged uptrend and resuming its bull rally.