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Cryptocurrency News Articles

Key Bitcoin (BTC) Price Levels to Watch, According to Top Crypto Analyst

May 02, 2025 at 06:00 pm

Crypto analyst Ali (ali_charts) has highlighted crucial Bitcoin price levels to monitor, based on data from IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) metric.

Key Bitcoin (BTC) Price Levels to Watch, According to Top Crypto Analyst

Crypto analyst Ali, known on X (formerly Twitter) as @ali_charts, has highlighted crucial Bitcoin (CRYPTO: BTC) price levels to keep an eye on, drawing attention to data from IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) metric.

These insights are especially relevant for traders and long-term investors as Bitcoin continues to trade in a tight range above the $97,000 mark.

According to the latest IOMAP data, Bitcoin is currently facing a key resistance zone between $97,600 and $97,999. A high concentration of addresses, holding around 1.14 million BTC, bought in between these levels and are either waiting to break even or are likely to sell for profit, which can suppress upward momentum.

On the flip side, strong support zones have emerged at $93,700 and $82,000. These levels represent clusters of buy-in activity, meaning that a large number of addresses acquired Bitcoin around these price points.

For instance, over 2.13 million addresses purchased BTC between approximately $93,689 and $96,698, accumulating a combined 750.8k BTC. This area now acts as a support cushion, as these holders are likely to defend their positions.

Another notable support zone lies between $82,052 and $85,043, where 1.47 million addresses hold roughly 624.8k BTC. If the price drops toward this level, it may see strong buying pressure that can prevent further downside.

The IOMAP data also shows that 66.55% of Bitcoin holders are currently “in the money,” having bought BTC at a price lower than the current level, while 32.20% are “out of the money,” holding BTC at a loss. Only a small portion—just 1.25%—are at the money, meaning they bought at roughly the current price.

This clustering of on-chain activity near support levels may provide some price stability, while the concentrated resistance above could present a short-term hurdle for further upside. Traders and analysts will be watching these zones closely in the days ahead.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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Other articles published on May 03, 2025