March 31, 2023
📊 More than 6% of all bitcoins were bought at a price of about $16,000 - this price point falls at the peak of a bearish cycle
These figures are given by a Twitterer and Root analyst based on blockchain analysis data.
💡 For reference: at the peak of the 2018 bearish cycle, about 4% of coins were bought. In the chart above, you can see that in no price range more than 3% of the coins were bought.
After analyzing the chart, we can say that good volumes of coins were bought in the range of $25,000–$30,000, as well as $38,000–$40,000. These can be considered as strong resistance zones.