2024

Bitcoin

Coin

<ul class="news-points wp-block-list">
 <li><strong>Over 320,000 active Bitcoin addresses interact at current price levels.</strong></li>
 <li><strong>Also, 220,000 addresses have an average purchase price of $68,500.</strong></li>
 <li><strong>Potential support is forming around $68.5K amid strong buying interest.</strong></li>
</ul>
<p>Bitcoin is consolidating near its all-time high, with over 320,000 active addresses engaging around the $68,761 price level, according to IntoTheBlock <a href="https://x.com/intotheblock/status/1848262776390627382" target="_blank" rel="noopener noreferrer nofollow">data</a>. This signals significant investor activity as Bitcoin hovers near record levels.</p>
<h2 class="wp-block-heading" id="h-68-5k-becomes-a-key-support-level">$68.5K Becomes a Key Support Level</h2>
<p>Data shows that 220,000 Bitcoin addresses have an average purchase price of $68,500, suggesting this level may serve as a critical support zone. Many investors are likely to defend this price range, reinforcing market stability and potentially limiting selling pressure in the near term.</p>
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   <p lang="en" dir="ltr">As Bitcoin consolidates near its old all-time high, more than 320,000 active addresses are interacting within this price range. <br><br>Notably, 220,000 of these addresses have an average acquisition price around $68.5k, suggesting a strong level of interest and potential support at… <a href="https://t.co/GVwPVUhDYV" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/GVwPVUhDYV</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1848262776390627382?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 21, 2024</a>
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<p>Meanwhile, Bitcoin reached a three-month …</p>
<p>The post <a href="https://coinedition.com/bitcoin-consolidates-near-all-time-high-with-320000-active-addresses/" rel="noopener noreferrer nofollow">Bitcoin Consolidates Near All-Time High With 320,000 Active Addresses</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Consolidates Near All-Time High With 320,000 Active Addresses

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