Bitcoin could see another record high if this ‘brick wall’ is breached
Bitcoin (BTC) is pushing to regain its six-figure valuation following a period where it risked falling below $90,000 support zone. However, on-chain data suggests a new record high could be on the horizon amid the recent volatility. Specifically, data indicates that Bitcoin is currently hovering near a critical price range between $97,500 and $99,800, where over 924,000 addresses previously purchased more than 1.19 million BTC. To this end, prominent on-chain cryptocurrency analyst Ali Martinez identified this zone as a ‘brick wall’ due to the magnitude of Bitcoin accumulated at these levels, he said in an X post on December 21. Picks for you 2 cryptocurrencies to reach a $5 billion market cap in 2025 16 hours ago DeFi gets the data l...