Despite the low prices, new data from Cryptoquant indicates that the total market may still be flexible. According to the analysis platform, the increase in price fluctuations has not been translated into a significant increase in flows into exchanges. This indicates that most of the market participants, especially their long -term holders, do not rush to sell.
For Bitcoin, a decade over 103.6 thousand dollars Support area It is still crucial. If Bulls managed to settle here, this may be a theater to pay another to the highest level ever at 112 thousand dollars. The market is now closely monitoring for the collapse or confirmation of support before determining the next main direction.
Bitcoin holds a company more than 100 thousand dollars, amid geopolitical uncertainty
Despite the wave of negative emotions caused by the renewed conflict in the Middle East, Bitcoin continues to show flexibility by retaining firmness above $ 100,000 critical dollars. The recent escalation between Israel and Iran, along with the wider macroeconomic fears – including increased inflation and constant pressure from the American treasury’s yield – inject new uncertainty in financial markets. However, Bitcoin’s ability to absorb shock and maintain main support levels is a sign of the basic strength in the current cycle.
Many analysts believe that Bitcoin sets the way for the main expansion stage. The decisive collapse above the highest level of $ 112,000 ever can lead to the launch of BTC in the discovery of prices, which represents the beginning of the explosive upper leg. The bulls seem to be in control, but the market participants are careful given the growing systemic risks in the world.
Julio Moreno, head of research at Cryptoquant, Joint in time This indicates that the recent increase in price fluctuations has not yet been translated into an increased sale activity. Moreno notes that the exchange of flows – especially from Altcoins – is relatively decreased. This is important because, historically, the local market peaks preceded sharp screws in Altcoin deposits for exchanges, an invested fear reference and the behavior of profit. Currently, this dynamic is absent.
This indicates that the market does not suffer from wide surrender or panic. Instead, it seems that long -term holders and big players are sitting tight, and they put in a position that could be the next leg. Despite the survival of the risks, the current basic procedure for Bitcoin continues to support the thesis of the ongoing power and the possibility of an occurrence of occurrence, provided that the total conditions do not deteriorate more. All eyes are now on BTC’s ability to restore $ 110,000 and test the psychological barrier of $ 112,000.
BTC tests the main support area less than 109 thousand dollars
The Daily Chart Bitcoin shows the standardization of 103,600 dollars and 109,300 dollars after refusing to increase 112 thousand dollars ever earlier this month. The last fluctuation, caused by geopolitical tensions in the Middle East, caused BTC to lower than $ 106,000, and mark a 103,600 dollar support area for a short period. However, buyers enter quickly, pushing the price to a region of 105 thousand dollars to 106 thousand dollars.
The simple moving average for 50 days (SMA) provided short -term support about $ 10,400, and is closely in line with the horizontal demand. Meanwhile, Smas 100 and 200 days remain at 93,966 dollars and $ 95,650 less than the current price, indicating that the broader upward trend is sound.
The volume increased during the decrease, and skill to panic, but the subsequent recovery indicates a strong purchase benefit near $ 103,000. In order for bulls to regain control, BTC must restore resistance of 109,300 dollars and try to collapse about 112 thousand dollars.
However, the collapse of less than 103,600 dollars, will nullify the bullish structure and open the door for a deeper decline towards a region of $ 96,000 to 98 thousand dollars. Until then, BTC remains linked to the range of high risk uniformity. A higher daily closure or less than the key levels is likely to determine this next directional step for Bitcoin. The bulls carry the line – but for how long?
Distinctive image from Dall-E, the tradingView graph
