Bitcoin is now in a decisive and unconfirmed stage, as it was combined without a sign of 100 thousand dollars and above the level of demand for 95 thousand dollars, as the feelings in the market are still divided. The short -term price procedure does not show any clear orientation, which makes investors not sure of the Bitcoin path. Speculation has grown that the bull cycle may have ended, which fueles fears of deeper correction.
Compared to the increasing fluctuations in recent weeks, the latest price procedures for Bitcoin have been “relatively quiet”, as the price was suspended in a narrow range. This lack of movement reflects the current frequency of the market, as it fights the bulls to restore 100 thousand dollars as support while the bears fail to pay the price to the low demand areas.
The main data from Cryptoquant reveals that traders in the main stock exchanges have reduced the leverage, a sign that the market participants were cautious in the face of uncertainty. This decrease in the leverage may mean that the fluctuation of prices is still defeated in the short term.
With Bitcoin hovering in this central area, the coming days will be very important in determining whether the market resumes its upward direction or enters a long standard of unification. Bulls and bears will need to act decisively to break this current stalemate and determine the main step next to Bitcoin.
Bitcoin merchants remain calm amid uncertainty
Bitcoin merchants expand their risks with increased uncertainty in the market, with no clear trend in the short term. After weeks of fluctuations, the current price procedure is stuck in a narrow range between the main and resistance levels. Analysts closely monitor the Bitcoin movement, pending confirmation of the outbreak of the offer of $ 100,000 or a lower collapse than the decisive demand of about 95 thousand dollars.
Best Axel Adler, joint Data from Cryptoquant on XShedding light that traders in the main stock exchanges have reduced the leverage. Adler believes that this reduction indicates a more cautious approach among the market participants, which can be translated into a relatively quiet weekend in terms of volatility. This shift in trading behavior reflects the uncertainty surrounding the next step for Bitcoin.
Feelings are still mixed, as many traders predict that Bitcoin is preparing for a big step in the coming days. While the bulls managed to maintain the price higher than the main support levels, the bears keep it less than the 100,000 psychological sign, which creates a dead end.
As Bitcoin continues to trade sideways, investors are preparing for a possible penetration. The historically -extended quiet environment has preceded aggressive movements in the market, which leaves merchants and analysts specifying whether the next trend will confirm the continuation of the bull cycle or the indication of a deeper correction.
Price procedure details: What can be expected
Bitcoin is traded at $ 97,500 several days after a side price is made less than 4 -hour SIA moving average (EMA) at 98,700 dollars. This EMA acts as a strong resistance level, preventing bulls from restoring momentum. If Bitcoin wants to restore the upward strength, this EMA must exceed, and most importantly, restoring the level of $ 100,000 in the coming days. The collapse above these levels would indicate a potential recovery in higher price ranges.
On the other hand, if the current frequency continues and the bears are able to pay the price to a decrease, Bitcoin may face a lower collapse than the main support at $ 94,000. The loss of this level is likely to lead to more from the negative side, with the appearance of the demand area of $ 89,000 as a decisive goal. This level was historically as strong support, and its defense will be necessary to maintain the long -term bitcoin bitcoin structure.
With the standardization of the market, the feelings remain divided, as the bulls are struggling to restore control and control, unable to raise a significant correction. The next step is likely to determine the direction of Bitcoin in the short term, making these main levels vital to seeing while merchants prepare a possible transformation in the momentum.
Distinctive image from Dall-E, the tradingView graph
