Bitcoin is currently trading by 6 % less than its highest level ever, and maintains stabilizing but shows signs of fatigue because it is struggling to storm the discovery of the new prices. Although the price movement is still strong, the market lacks the momentum to make a decisive upward movement. The overall economic uncertainty remains greatly regarding the feelings of investors, with the high US treasury revenues, the continuous federal reserve position on high interest rates, and the escalation of conflicts in the Middle East, all of which contributes to a complex environment and risk.
According to Darkfost analysts, while some investors were observed in obtaining profits yesterday, the pressure pressure is still relatively light. The scales on the series indicate that most of the participants continue to hold their positions, which reflects a long -term thunderbolt in general. However, the main issue that prevents Bitcoin from a higher fracture seems to be weak.
A closer look at modern data shows that although supply remains limited, the new buyer flow has slowed down. This imbalance prevents the occurrence of the outbreak and indicates that a new wave of demand is needed to ignite the following leg. Until this happens, bitcoin may be Continue unification Within its current scope, while traders are waiting for clarity from both the total and geopolitical fronts.
Bitcoin reinforces more than $ 100,000 with twice the demand
Bitcoin has been constantly placed above the level of $ 100,000 since early June, indicating that the new price balance may be formed. Despite the strong performance-which exceeds 40 % since its lowest level in April-the price has been lost to penetration in the 112,000 dollars at all, which raised questions about the sustainability of the current trend. The longest BTC fails to restore new levels, and the higher the risk of collapse less than $ 100,000, especially if the wider total economic and geopolitical pressures are intense.
Darkfost Common visions Highlighting a shift in market behavior. While there was a brief height in achieving profits yesterday, the size remained relatively low. This indicates that most investors still tend to keep it, indicating confidence in the long -term bitcoin path. However, the main factor that prevents the continuation of the upwards is the visible weakness in the demand.
Darkfost referred to a scheme that compares the new offer with an active one -year active supply, which is used to measure the strength of relative demand. When this ratio climbs over zero, it usually indicates increased demand. However, since the latest local summit in May, this scale has gradually decreased. Although the demand is still sufficiently healthy to absorb the current sale pressure, it is not sufficient to lead another outbreak.
Nowadays, Bitcoin appears to be closed in a balance, with the support of the condemnation of a fixed but bound to the activity of the new buyer. If the request is returning strongly, it may follow the outbreak of its highest level. Until then, the market remains in waiting and vision.
BTC Prices Analysis: The main support is still being held but a weak momentum
Bitcoin is currently trading of about $ 104,827, indicating frequency marks because it merges over the main support area near 103,600 dollars. This level, which corresponds to an absolute rise, continues to work as a crucial line in the sand for bulls. The 12 -hour graph has repeated tests for this support since early June, every time the recovery followed, but without meaningful follow -up to the upward trend.
The moving average (Green Line) provides 100 liters (green line) dynamic support above 104,200 dollars, while the blue line (blue line) is 50-periods (blue line) now works as a general resistance of about 106,269 dollars. This pressure between the moving averages indicates a tightening range, and the outbreak of the top or down – soon. The size is still relatively low, indicating that buyers and sellers are not condemned.
The bullish trend is still surrounded by the resistance level of $ 109,300, which Bitcoin failed to recover in multiple recent attempts. A clean break above this level can govern the bullish momentum towards the discovery of prices. However, the continuous failure to violate that region, along with universal uncertainty and weak demand, increases the risk of collapse less than $ 10,600 – opening the door to a deeper correction. Currently, Bitcoin carries the line, but the pressure is built.
Distinctive image from Dall-E, the tradingView graph
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