On-Chain Data Exposes Bitcoin’s Critical Support Levels — Here’s What You Need to Know
Bitcoin's blockchain doesn't lie—and right now, it's screaming where the real floor stands.
Decoding the Digital Footprints
Every transaction leaves a trail. Massive whale movements, exchange inflows, and miner activity paint a crystal-clear picture of where buyers dig in their heels. Forget the hype—the chain shows actual money changing hands at specific price points.
Support Levels That Actually Matter
These aren't arbitrary lines on a chart. We're talking about concentrations of buying pressure that have historically stopped crashes dead in their tracks. When BTC approaches these zones, volume spikes and sell orders dry up—classic signs of genuine market conviction.
Why Traditional Analysis Misses the Mark
Technical indicators lag. On-chain metrics show what's happening right now—in real-time. Smart money doesn't wait for moving averages to cross; they follow where the coins actually accumulate.
Meanwhile, Wall Street still thinks 'support' means whatever their intern draws with a crayon.
The Bottom Line: Watch These Levels Like a Hawk
Break below them, and it's trouble. Hold above, and the bulls stay in control. Simple as that.
Where Are The Next Support Levels For BTC?
On Saturday, September 6, prominent crypto analyst Ali Martinez took to the social media platform X to offer on-chain insights into the current layout of the Bitcoin price. This price evaluation, which revolves around the BTC UTXO Realized Price Distribution (URPD) metric, shows the next support levels for Bitcoin.
The capacity for a price level to act as an on-chain support or resistance zone usually depends on the number of investors who have their cost basis at the given level. An investor’s cost basis refers to the actual price at which they purchased a cryptocurrency (Bitcoin, in this case).
The relevant indicator here—UTXO Realized Price Distribution—tracks the amount of a particular cryptocurrency that was acquired at a specific price level. Typically, price levels below the current spot value with substantial buying activity are often considered as major support zones. Meanwhile, levels above the current price with significant investor cost bases usually act as major resistance areas.
As shown in the chart above, $108,250, $104,250, and $97,050 are the next crucial support levels for the bitcoin price. Data from Glassnode shows that nearly 432,000 coins were bought in the $108,250 zone, while roughly 401,000 coins were purchased around the $104,250 region. Meanwhile, 404,000 BTC were acquired around the $97,054 area.
The rationale behind this is that investors with a cost basis around these price levels are likely to double down on their positions and purchase more coins. This increased buying activity will, hence, provide a cushion for the Bitcoin price to stay afloat and potentially bounce back.
It’s worth mentioning that the next major resistance level for the bitcoin price based on the URPD metric is around $116,963. Several investors (550,000 coins) around this level are likely to close their positions when the price returns to its cost basis, thereby putting downward pressure on the BTC price.
Bitcoin Price At A Glance
As of this writing, the price of BTC stands at around $110,628, reflecting no significant movement in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by more than 1% in the past seven days.
