Bitcoin is subject to severe correction after losing the level of support of $ 115,000, which leads to a wave of uncertainty in the market. After weeks of monotheism in a narrow range, BTC collapsed, prompting discussions between analysts about the short -term trend. Some experts warn that Bitcoin may face more declines as investors make profits and anxiety. Others maintain a more optimistic view, indicating that the correction is a healthy stop before BTC made another attempt to restore its levels at all.
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The main data of Cryptoquant adds another layer to the analysis. The standards indicate that bitcoin is currently in a “feverish” condition, where the evaluation indicators indicate excessive bullish momentum. This indicates that the current monotheism phase may extend more as the market works to reset. Until the demand and the flow of new liquidity stabilizes, Bitcoin can continue trading in a volatile environment, as a range of $ 112,000 to $ 115,000 as a decisive battlefield between bulls and bears.
As the monetary policy of the Federal Reserve and the factors of the global macroeconomic economy continues, the main step for Bitcoin is likely to rely on a group of market morale, Institutional demandAnd the most risks of investors in the coming weeks.
Bitcoin model signals to flow
Darkfost participated in the best analysts recently Visions On X, with highlighting the importance of the Resvent Strope (S2F) of Bitcoin (S2F) as a reliable indicator of Bitcoin evaluation courses. According to Darkfost, when the S2F scale rises above the value of 3, it usually indicates that bitcoin enters a feverish stage, indicating a high probability of correcting the market. Currently, the S2F value is approaching this critical threshold, causing Darkfost to warn investors that it may be a suitable moment to lock the profits before it is detected deeper.
Darkfost analysis indicates historical patterns where similar S2F readings have preceded a significant decrease in prices. In September 2021, Bitcoin fell from $ 63,500 to $ 30,800 after crossing the S2F scale to the evaluation area. Again, in November 2021, BTC crashed from $ 67,000 to $ 15,800 after the peak S2F signal. Recently, in March 2024, Bitcoin sharply corrected from $ 73,000 to $ 54,000 after entering the feverish lands.
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This pre -alarm system, designed for market participants in the long run, works as a strategic tool to help investors move in volatile bitcoin courses. Although the current correction may seem surprising, Darkfost confirms that such withdrawal is necessary for a market to reset and build a sustainable basis for future growth. Investors are urged to stay careful and closely monitor the S2F scheme as Bitcoin moves at this critical stage.
BTC is struggling to restore the level of 115 thousand dollars
Bitcoin tries to recover after its last decline, as it is currently trading about $ 115,019 as shown in the graph for 8 hours. The price managed to apostasy from the subsidy area of $ 112,000, but it faces strong resistance at the level of $ 115,724, which was previously working as major support during the range of unification of the two weeks in July.
Simple moving averages are now placed for 50 days and 100 days (SMAS) higher than the current price, adding to public resistance. SMA lasts for 200 days about 110,677 dollars in providing strong support, while maintaining the emerging trend in general. However, BTC should restore the level of $ 115,724 and standardize over it to restore the upholsqueous momentum.
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The size was relatively low during the last bounce, indicating that strong purchase is not condemned. If Bitcoin fails to break the resistance of $ 115,000 decisively, it risk declining to test the $ 112,000 region again. On the upper side, a successful collapse with more than $ 115,724 can open the path to re -test the high resistance of $ 122.077 ever.
Distinctive image from Dall-E, the tradingView graph
