Bitcoin at a Crossroads: Analyst Crazzyblockk Highlights Two Key Price Levels

As Bitcoin continues its volatile journey through April 2025, renowned crypto analyst Crazzyblockk has pinpointed two critical price thresholds that could steer the asset’s next major move. His on-chain data-driven analysis underscores the importance of $91,500 as a resistance level and $83,700 as a support zone—levels that align closely with the realized costs of different investor cohorts.

This insight, shared on April 22, reflects a deeper behavioral understanding of the market, offering more than just technical indicators.

$91,500: The Resistance Backed by Realized Price Metrics

Drawing on data from CryptoQuant, Crazzyblockk points to the “Realized Price of Short-Term Holders”—investors who have held Bitcoin for less than 155 days—as a pivotal resistance point. Currently, this level sits at $91,500.

According to the analyst, breaching this price could signal a return to profitability for short-term investors. This would likely ease selling pressure and possibly ignite bullish momentum as more traders regain confidence. Since this group is historically known to react swiftly to market changes, any sustained price movement above this level could accelerate buying interest.

$83,700: A Make-or-Break Support for New Investors

On the flip side, the average entry price for new Bitcoin investors is around $83,700, making it a significant support area. Crazzyblockk warns that a breakdown below this line could lead to a wave of selling by investors looking to minimize losses. This level has become a psychological threshold for market participants who recently entered the space, amplifying its impact on short-term price action.

Why Realized Price Matters More Than Traditional Technicals

Unlike conventional indicators, realized price analysis taps into investor behavior, offering a more nuanced view of market dynamics. By evaluating the average cost basis of various groups, analysts can identify levels where market sentiment shifts dramatically.

According to Crazzyblockk, short-term and new investors play a disproportionately large role in near-term volatility. Their sensitivity to price fluctuations can create both intense downward pressure during declines and rapid rebounds during rallies.

Market Momentum Builds Despite Uncertainty

Despite lingering caution in broader markets, Bitcoin is showing signs of strength. As of the latest CoinGecko data, BTC is trading at $90,421, up 3.05% in the past 24 hours. The daily range spans between $86,639 and $90,437, indicating solid intraday momentum. Additionally, the 24-hour trading volume has surged to $39.07 billion, suggesting strong investor interest and liquidity.

While the market has yet to test the $91,500 resistance or threaten the $83,700 support, these levels now act as reference points for traders and investors alike.

As always, Turkish NY Radio recommends conducting thorough due diligence and considering multiple perspectives before making investment decisions.

Source:

CryptoQuant.com – On-Chain Analytics

CoinGecko – Bitcoin Market Data

Analyst commentary via Crazzyblockk (shared April 22, 2025)