Bitcoin is still structurally optimistic despite its failure to confirm the short -term trend, and investors are now looking for the next main step signals. While the uncertainty continues to control the market, many analysts argue that BTC is preparing for massive penetration at the levels at all (ATH).
The main data from Intothheblock It reveals that Bitcoin’s association with S&P 500 has decreased to scratch, indicating that BTC is now separated from traditional markets. This is a rare event, as Bitcoin generally followed the trends of macroeconomics and stock market movements in the past. However, with no clear relationship, it appears that BTC is moving in its own session, dictated by the internal market forces instead of external financial events.
The last time we saw such a low link on the fifth of November 2024, before Bitcoin rose directly $ 100,000. If BTC regains the level of $ 100,000 in the coming days, analysts expect a huge crowd, which may lead to a new rise at all.
Speculation rises, as analysts indicate that this recent monotheism is calm before the storm – and a boundar storm in it. Historically, the long periods of side trading near the highest bikes led to an explosive escape, and the current market conditions appear to be in line with this style.
Standardization of prices: technical levels
Bitcoin is trading at $ 96,300 after nearly two weeks of side trading in a narrow range between 94,000 dollars and 100,000 dollars. The lengthy monotheism stage indicates that there is no frequency in the market, as bulls and bears are struggled for control.
Despite the uncertainty in the short term, the long -term trend is still optimistic, as bitcoin holds higher than the main demand areas. However, investors are growing impatience, because the lack of a clear outbreak raised doubts about whether BTC will push to the highest levels ever (ATH) or face a deeper correction.
If Bitcoin regains a brand of $ 100,000, analysts expect an explosive gathering that can pay the price towards unexplored lands. Historically, monotheism is often preceded by ATH levels a great escape, and many traders are betting on this scenario that is running again.
On the other hand, a break less than 94 thousand dollars can cause strong pressure for sale, forcing BTC to decrease the demand levels of about 89 thousand dollars – 90 thousand dollars. At the present time, the market remains in a state of forgetfulness, pending confirmation in any of the two directions. Traders closely see the key levels, because the next step can determine the bitcoin path in the coming weeks.
Distinctive image from Dall-E, the tradingvief chart
