1.1M Bitcoin purchased near ATH still did not touch it – new BTC holders carry a company?
Bitcoin has seen great fluctuations in recent days, and it is transmitted through uncertainty in feelings and uncertainty in the market. Nevertheless, BTC is still strong above the $ 100,000 sign, with the main psychological and technical level. Investors are divided on whether Bitcoin is preparing to increase prices detect or deeper correction, while persistent speculation in market morale.
However, the data on the series indicates that long -term confidence grows. The Crypto Maartunn analyst from Intothheblock shared major visions that reveal that more than 1100100 BTC has moved from the age range
Bitcoin is also combined near its highest levels ever, investors monitor the main resistance levels and support closely. If the BTC is more than $ 100,000 and recovery of $ 103,600, the payment may be at all levels ever imminent. On the other hand, the loss of the level of $ 100,000 can lead to more negative risks, which leads to the depth correction of the market.
Bitcoin enhances less key levels
Bitcoin has faced days – if not weeks – from uncertainty, as it was combined without a sign of $ 110,000, the psychological level that investors believe can lead to the next main step. Although BTC has not yet tested this price, market participants are closely monitoring the main support and resistance levels to determine the next direction of Bitcoin.
Marton encryption analyst Common standards on the series on XAnd revealed that more than 1100100 BTC has moved from the age range
Currently, the level of $ 100,000 is still the most important price point in the market. Analysts suggest that keeping this level is necessary for BTC to continue its upward direction. If Bitcoin fails to keep more than $ 100,000, it can follow a deeper correction, which leads to extensive unification or even a short -term declining stage. However, if the BTC remains stable above this mark, it may provide the basis for more prices in the coming weeks.
Unless BTC sees an additional decrease to less than $ 100,000, this trend indicates a strong accumulation stage, which can feed the next upward leg towards discovering the price.
BTC faces the main resistance
Bitcoin is currently trading at 102,300 dollars after days of tremendous fluctuations and repeated tests for the demand area of $ 100,000. Despite the uncertainty and a declining feeling, BTC managed to stick to its land, which indicates flexibility at this decisive psychological level.
However, in order for Bulls to maintain control, Bitcoin must restore $ 103,600 as soon as possible. This supply area acts as a strong resistance, preventing BTC from making a crucial step higher. If BTC pushes this level and keeps it as support, the move will become about its highest levels in the short term.
On the other hand, if Bitcoin fails to restore $ 10,600, he may face renewable selling pressure, which pushed him back towards low demand levels. The market has already seen a strong defense on the brand of $ 100,000, but another test can weaken this support. If BTC decreases to less than 100 thousand dollars, this will indicate a deeper correction stage, which may lead to an extended unification before the next attempt to discover the price.
Distinctive image from Dall-E, the tradingView graph
