Bitcoin Will Be Set For New ATHs If It Breaks This Resistance: Analyst

An analyst has explained how Bitcoin could be positioned for new all-time highs (ATHs) if it can break through this on-chain resistance level.
Bitcoin On-Chain Data Could Suggest This Level Holds Major Resistance
In a new post on X, analyst Ali discussed Bitcoin’s current on-chain resistance. In on-chain analysis, the strength of support and resistance levels is based on the total amount of cryptocurrency last acquired at each level.
Below is a chart for Glassnode’s UTXO Realized Pri