Analyst Identifies ‘Tasty’ Range for Profitable Bitcoin Purchase

Purchasing the leading cryptocurrency between the $65,000 and $71,000 levels “could potentially lead to significant gains,” shared CryptoQuant contributor Boris Vest.

Bitcoin’s Strong Support Zone

“Our current strong and nearby support zone lies between $65,000 and $71,000… While weak hands may be selling in this area, strong hands are likely looking to accumulate and open new positions.” – By @Fundingvest

Link ⤵️https://t.co/BadaSboZAt pic.twitter.com/kgKNDpwFqf

— CryptoQuant.com (@cryptoquant_com) April 2, 2025

“Market dynamics indicate that the active realized price is around $71,000,” the expert noted.

In on-chain analysis, the realized price represents the weighted average cost at which all existing coins last moved on the network. 

The modified indicator presented by Vest excludes long-lost and “dormant” coins, aiding investors in “determining the support level based on more recent market activity.”

“On the other hand, the true market mean price provides a more accurate assessment, indicating that the $65,000 level is a key support zone,” the analyst added.

According to him, a potential drop in quotes to the range between the true market mean and realized prices could be accompanied by a surge in significant demand.

“Buying bitcoin in this range could yield a good profit,” Vest emphasized.

He also noted that it is highly likely that in this corridor, “weak hands” will be offloading coins, while “strong” ones will be accumulating.

Earlier, analyst Michaël van de Poppe highlighted $76,600 as an important support level, after which bitcoin’s price could resume its upward trajectory. 

Previously, researchers at Nansen suggested that the crypto market could reach its bottom by June.