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Bitcoin maintains the bullish momentum without high temperature – indicators show space for further growth

Bitcoin faces serious pressure for sale, as it decreased to less than a sign of $ 100,000, raising concerns about a possible deeper correction. Since mid -January, BTC has been trading sideways, fluctuating between high levels (ATH) and 97,750 dollars, struggling to find a clear direction.

Feelings in the market are still divided. Bulls believes that this is a healthy recovery before Bitcoin gathered in discovering prices, which leads to a sign of $ 110,000 and beyond. Meanwhile, Bears argue that BTC has already been issued, and that the market enters a distribution phase that can lead to a longer correction.

The main scales on the series of Cryptoquant offer a different perspective. Based on the ANUPL, BTC is currently in a confidence area but has not yet entered the orgasm stage. Historically, the main emerging market peaks occur when ANUPL reaches 0.7-0.8, indicating feverish conditions. Currently, BTC is located at 0.4, which reflects moderate optimism and a space for further growth if market conditions remain stable.

With the presence of Bitcoin prices at a crossroads, the next few days will be very important in determining whether BTC can restore $ 100,000 or face deeper monotheism than the main levels.

Bitcoin shows strength despite volatility

Bitcoin enters a decisive stage where fluctuations remain high, but investor chances can be greater. Since the market battles between the difficult momentum and the short -term sale pressure, analysts remain divided into the next step for BTC.

The key to the chain Axel Adler shares a clearer perspective. Based on the ANUPL (ANUPL) index, Bitcoin is currently in a confidence area but has not yet reached the stage of euphoria. This indicates that although BTC is in a bullish stage, there are no immediate signs of high temperature – uninterrupted when ANUPL reaches 0.7-0.8.

Bitcoin modified PNL network is not achieved source: Axel Adler on X

Currently, the ANUPL value is about 0.4, which reflects a healthy, but mild but optimistic level. For comparison, during the main market peaks in 2017 and 2021, ANUPL reached peak levels between 0.7 and 0.8, indicating feverish conditions and imminent corrections.

With no bitcoin away from these extreme levels, the market remains in a stable growth phase. If the total conditions remain favorable, BTC has strong potential to make more gains. However, merchants should be ready to increase fluctuations as Bitcoin moves in this critical period towards prices.

Price procedure details: The main levels to be held

Bitcoin fell below the mark of $ 100,000 for the first time a week, raising concerns among investors with the sale of pressure. The price is struggled to restore momentum, and if the bulls fail to restore $ 100,000 soon, it is likely to be the negative side.

BTC demand test less than 100 thousand dollars Source: BTCUSDT scheme on TradingView
BTC demand test less than 100 thousand dollars source: BTCUSDT CHART on Tradingview

Currently, BTC tests low demand levels, with $ 97,500 appears as the following main support zone. If Bitcoin maintains this level, it may serve as a recovery point for a recovery, allowing bulls to back down from $ 100,000 and may start a new march. However, failure to keep $ 9,7500 will put bitcoin in a dangerous position, which may lead to deeper correct and extensive unification.

In order to return the bullish, the BTC must quickly restore a sign of $ 100,000. The strong batch above this level would indicate the buyer’s renewable confidence and can lead to an increase in the heights at all. The market is still very volatile, and the coming days will be crucial for Bitcoin in the short term. If buyers fail to intervene, BTC may see a long decline before any meaningful recovery. Keeping 97,500 dollars is essential, and traders closely see signs of a crucial step in either direction.

Distinctive image from Dall-E, the tradingView graph

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