CandleFocus Analytics Company Announces New Custom Metric: Marked Very Important Levels For Bitcoin – Here Are The Critical Price Zones
2025-01-16
Author: Content Editor
Cryptocurrency analytics firm Alphractal has introduced a new on-chain metric called Alpha Price, which it claims is a powerful tool for identifying support and resistance levels for Bitcoin. The Alpha Price metric analyzes the profitability of short-term and long-term Bitcoin holders relative to the overall market price, using Fibonacci-based factors to map key levels. Alphractal has found that Bitcoin rarely exceeds the upper limit represented by the Alpha Price, and is currently approaching the second upper line. The firm has also identified potential support levels in the event of a pullback. Alphractal emphasized that the metric is dynamic and adjusted daily based on on-chain data.
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