Analyst: Bitcoin Key Resistance at $72,500, Could Face Continued Pressure in Coming Months

BlockBeats News, March 29th, CryptoQuant analyst Darkfost posted, stating, "BTC has still not been able to reclaim the realized price excluding long-term inactive supply. Exclude Bitcoin supply held for over 7 years to more accurately reflect the actual chips in circulation. Filter out lost bitcoins and holdings of 'diamond hands' that have been inactive for a long time. Under this adjustment, Bitcoin's realized price is approximately $72,500, currently forming a resistance level."

BTC has been below this price for about two months. In each previous bear market cycle, BTC has remained below this cost basis for 6 to 10 months, and has not been able to effectively recover this level during that time. If this pattern repeats, BTC may continue to face pressure in the coming months, with the price likely to remain below $72,500."