Weekly Onchain Insights: Q2 Best Performing Crypto-Assets

The IntoTheBlock newsletter highlights weekly interesting data points about the crypto markets.

Every week the IntoTheBlock team publishes a newsletter that summarizes key data insights about the crypto market. Below is a quick summary.

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Bitcoin Price Analysis: $9,102.36 (5am EST 06/26/2020)

The In/Out of the Money Around Price (IOMAP) indicator detects that over 3.6 million addresses previously purchased 2.11 million BTC at the range between $9,100 and $9,517, a critical resistance level as several of these addresses will attempt to break-even on their positions.

Looking at the levels of support, nearly 800 thousand addresses had previously purchased a total of 567k BTC between $8,825 and $8,943. This is expected to act as support as holders in this range will attempt to remain profitable on their positions and push prices above this level.