- CryptoQuant has shared new data about BTC’s UTXO age bands.
- These UTXO age bands are showing likely resistance levels.
- BTC is currently trading hands at $16,798.04 after a 0.15% drop in price.
The on-chain data and analytics firm Crypto Quant took to Twitter earlier today to share some new data on Bitcoin’s (BTC) UTXO ( unspent transaction output) age bands. A UTXO is the amount of digital currency remaining after a cryptocurrency transaction is executed. The Tweet focused on the 1-3 month, 3-6 month, and 6-12 month age bands.
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