Bitcoin has witnessed faded prices over the past few days, as it traded in a narrow range ranging between 94,700 dollars and 98,600 dollars since last Friday. This stagnant movement added to the speculative environment, leaving the market that is not sure of the short -term direction. The bulls nor the bears were able to control, creating a feeling of hesitation among the investors who were hoping for the strongest momentum.
Cryptoquant Axel Adler analyst participated in X, revealing that the price of the new whale sits about 89.2 thousand dollars. This level represents the most powerful support for the current monotheism, which extends from its highest levels (ATH) at $ 109,000 to the main demand area of $ 89,000. According to Adler, this support highlights the importance of the new whales activity, as these great players are unlikely to be sold at a confusion, which enhances market flexibility in the event of a decline.
Currently, the market remains in a critical area, with the unification of the main levels that determine the next step for Bitcoin. Pay 98,600 dollars The momentum ascending signalPave the way to test the mark of $ 100,000 and possibly ATH. However, the loss of $ 94,700 would increase the risk of re -testing the $ 89,000 support zone. Investors continue to monitor these levels closely.
Bitcoin test liquidity is less than $ 100,000
Bitcoin continues to lead the market amid fluctuations and uncertainty, which maintains a higher force than decisive demand while most Altcoins are very bleeding. The bulls managed to maintain BTC higher than the $ 95,000 mark, while maintaining the upper structure that described this course. Despite this force, the procedures do not indicate any clear direction in the short term, as fluctuations dominate the market as bulls and bears are struggled for control.
The main measures of CryptoquantAxel Adler shares it on X, reveals that the price of the new whales is about 89.2 thousand dollars. This level is currently the most powerful support for the ongoing stage of Bitcoin. Adler notes that the big players who bought BTC at this price are unlikely to be sold at a loss, adding flexibility in the market. This indicates that, even in the face of hippos and the work of volatile prices, Bitcoin remains mainly strong.
The level of $ 89.2 thousand works as a basic basis for the current price of Bitcoin, which extends between its highest levels at 109 thousand dollars and demand levels near 89 thousand dollars. Although the short -term trend is still unclear, this strong support provides confidence to investors who are watching this. If Bulls regains the level of 98 thousand dollars and pay more than 100 thousand dollars, he may follow the high levels of high levels.
On the contrary, losing 95 thousand dollars would open the door to re -test worth $ 89,000. Currently, Bitcoin enhances its role as a pioneer in the market during this monotheism, indicating the possibility that the upward trend is higher than critical levels.
BTC price shows frequency
Bitcoin is trading at 96,250 dollars several days after the limited prices between 94,600 dollars and 100,000 dollars. The market remains unresolved, as bulls and bears are struggled for control. The bulls were unable to pay the price higher than the $ 100,000 sign, while the bears were unable to keep the price less than 95 thousand dollars. This decline has created uncertainty about the short -term direction, leaving merchants and investors on the edge of the abyss.
In order for bulls to recover momentum and confirm a short -term reflection, Bitcoin must be separated from the level of 98 thousand dollars and its establishment as support. It will be necessary for the subsequent batch be above the sign of $ 100,000 to sign the strength and set the stage in order to gather towards the higher supply areas. Achieving this would turn morale in the market towards optimism and may raise a new upward stage.
However, if Bitcoin loses the support level of 95 thousand dollars, it risk a decline towards low demand areas of about $ 89,000. This level is strong support, supported by the new whale price, according to recent data on the series. Although the level of 95 thousand dollars is still intact, the market remains optimistic with caution, but the coming days will be decisive in determining whether Bitcoin can retrieve the bullish momentum or slip to lower levels.
Distinctive image from Dall-E, the tradingView graph
