Bitcoin again at a pivotal level, with the sale of pressure dominates the market and fluctuations that shake the investor. After weeks of volatile trading, BTC barely exceeds $ 110,000, a threshold that many analysts seen as decisive to maintain an upper structure. The momentum has turned clearly in the last sessions, and the market is now preparing for the possibility of deeper correction.
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In addition to anxiety, the upper analyst Axel Adler shared visions of Bitco UTXO measures, which reveal increasing distribution signs of long -term holders. Historically, when old currencies begin to move, it often indicates that experienced investors get profits and offer offer again on the market. This behavior has already been repeatedly repeated periods of negative pressure, as the long BTC flow that creates obstacles to bulls to overcome them.
While Bitcoin has shown flexibility throughout this course, a combination of distribution signals and escalating uncertainty makes the coming days very important. If BTC fails to obtain its current support, it may open the door to low levels, and the investor test Belief. The lights are now on whether the demand can match the renewed sale of long -term holders and stabilize the market.
Bitcoin LTH shift in the speed signals market
According to Edler, LTH (30 days) has offered a value vision In the current bitcoin market. This scale measures the change in the long -term display share (LTH) over the course of 30 days, which effectively indicates the momentum of the aging of the offer among experienced owners.
When the scale is higher than 0, more coins ripen in long -term supply, indicating accumulation. When it is less than 0, the LTH share decreases, and the signal distribution.
The crossings are often distinguished by the system changes, and the last time on July 16 occurred with $ 118,000. Currently, the scale sits by -1.2 %, which means that the LTH width is decreasing while the young man’s supply share increases in the short term (STH). This reflects the active redistribution, as their long -term holders sell coins for new participants with high prices.
Adler highlights that the peak of the last LTH accumulation occurred when Bitcoin traded between $ 100,000 and $ 108,000, which is the range of the foundation for the latest gathering. If we judge through historical patterns, another 2 % of the LTH width can be distributed in the near -term – equivalent to about 300,000 BTC.
This indicates that although Bitcoin is still strong above the level of $ 110,000, the long -term pressure pressure is still an important factor. If the demand from the traded investment funds and institutions does not follow, the market may face renewed pressure before stability. At the present time, this shift in the speed of aging confirms that the balance of strength tends, as the long -term people gradually pass to the new players.
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Price analysis: Standardization of reservation, next resistance
The 8 -hour graph appears from Bitcoin trading at 111,711 dollars, as it was merged above 111 thousand dollars after weeks of fluctuations. The graph highlights the recovery attempt in late August near 108 thousand dollars, but BTC has not yet recovered stronger resistance areas.
The moving averages show mixed signals: 50 SMA (blue) is still less than 100 SMA (green) and 200 SMA (red), indicating that the declining momentum still dominates the medium term. The price procedures currently hover between 50 SMA at 111 thousand dollars and 100 SMA at 114 thousand dollars, which constitute an immediate resistance area. A decisive break above $ 114,000 can open the door to $ 118,000, but failure to do so may lead to another test of $ 110,000 or even 108 thousand dollars.
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The market structure is still intermittent, as its highest level has been formed since the peak of $ 124,000 in mid -August. This indicates that selling the pressure continues while fighting the bulls to restore control. On the negative side, strong support lies near the $ 108,000 region, which was held several times. Loss of this level would increase the risk of a deeper decrease of about 105 thousand dollars.
Distinctive image from Dall-E, the tradingView graph
