Bitcoin’s (CRYPTO: BTC) multi-week consolidation has raised questions about whether the market has already formed a bottom.
One prominent analyst outlines a data-driven framework to identify high-probability accumulation zones ahead of a potential bull cycle.
On-Chain Metrics Signal Strong Support
Crypto chart analyst Ali Martinez pointed to the UTXO Realized Price Distribution (URPD), which shows where Bitcoin last moved on chain.
A large cluster of holders accumulated BTC between $63,111 and $70,685, indicating a strong support zone where investors may defend their positions.
A long-term trendline, in place for nearly a decade, is also being retested in the $56,000 to $60,000 …