The number of active headlines in Bitcoin increased with a seed of 912300 on February 28. The latest example of this level was on December 16, 2024, when Bitcoin was trading at $ 105,000, Glassnode data He appears.
Traders closely monitor the result of this increase, which some analysts explain as an introduction to the transformation of the potential market.
Number of active BTC addresses. Source: Glassnode
The market is preparing for a possible surrender
Surrender is a phrase that indicates sharp price fluctuations that occur when investors sell in distress. It raised the last decrease in bitcoin less Coinglass data appears.
Previously, similar events occurred in the market. The sale of panic often indicates the bottom before returning when it reaches its peak. This can be the moment of water gatherings for Bitcoin if they follow the previous trends.
BTC exchange liquidation map Source: CoinGlassÂ
Active addresses rise with the market control
The increasing number of active titles indicates that more people transport bitcoin. This may mean that traders either interact with market fluctuations or rearrange their assets. Whether it is favorable or negative, this trend is clear before the noticeable changes in the market.
Important events in the behavior of the bitcoin price are in line with the high value of the network activity. Traders monitor that this height in the headlines causes one or more of the fall.
Bitcoin key signals excessive sale
The market value of the achieved value (MVRV) from Bitcoin is among the other important standards. March 1 witnessed this scale at 2.01. The low result will indicate a possible bottom because it means that the original now reaches the sales levels.
When the MVRV Z-ScoRE crosses the Overs in the past, the price of Bitcoin has been reflected. Although it is not a guarantee, speculators look at this data point while assessing the direction that the market will travel.
Decisive support and resistance levels
Bitcoin’s ability to maintain the price of more than $ 80,500 will be set either as stable or continuing to the slides. If the prices drop to less than 84,000 dollars, then there is a possible reduction because the filter may increase the pressure.
At the same time, the development of recovery can be followed by strong purchase interest at these levels. Since they know that the bounce may provide a new momentum in the market, many traders closely track these pricing points.
Since Bitcoin is negotiating this unconfirmed stage, technical indicators and investor mood will affect their following movements. Whether the alpha currency finds a bottom or suffers from more drops, it will depend a lot on the next few days.
It is possible that both technical signs and how investors feel the following Bitcoin moves as they move during this difficult stage. The next few days will be very important in knowing if they reach the bottom or continue to decline.
Distinctive image from Gemini Imagen, the tradingvief chart
