Bitcoin Bull Market Holding: BTC’s Strength Above This Key Level Keeps Rally Hopes Alive

With the last decline of the $ 110,000 sign, which is Bitcoin It was re -tested last Wednesday, and the main assets witnessed a continuous decrease in the support level of $ 104,000. It seems that the severe BTC decline has sparked a declining feeling across the sector, but the broader market morale is still upward.

BTC market expectations are still sound

Bitcoin has reconsidered the price level of $ 104,000, as the declining pressure is escalating inside the encryption market. However, despite the growing volatility recently, BTC is still circulating above a Critical price level To distinguish the negative danger from the bullish momentum.

Specifically, this is the main level SKThe price of the investigators of joyful investigatorsAnd, which is currently in the range of $ 98,300. This decisive level, which is subject to the short -term traders, has historically supported sustainable escalating trends and pointed to the strength of the market despite the uncertainty in the wider macro.

According to To Alphractor, an advanced data platform on the series and investment, $ 98,300 is “the last level that maintains profit”, as BTC price procedures extend. As long as the main principle remains above the price of holders of the short -term carriers, the statute of the chain is confident that BTC Bull Market It has not ended yet.

This claim indicates that bitcoin is still stable, as it shows the minimum fluctuations, and still has more space for growth. However, the only way to change the situation is if the Bitcoin price decreases strongly to less than 98,000 dollars, which may lead to a more important decrease in the short term.

To date, Alphractor noticed that it would be wise to put a losing lower lower than $ 98,000. Since the BTC position is above this level hints Investors do not see the current decline as the beginning of recessionBut as a healthy unification stage.

Selling pressure from bitcoin holders in the short term decreases

This feeling is also reflected in the Bitcoin purchase/sale, a main scale that determines whether a purchase or sale is currently dominating the market. After examining the scale, at alphraractal High Positive development between Investors in the short term.

In the joint report on X, the platform revealed on the series that selling pressure on BTC from short -term holders has risen to a hard area. Alphraractal claims that the trend is usually a sign of a temporary stoppage in the continuous decrease in the BTC price, while the Overwom case provides a new purchase opportunity for Traders expect a possible recovery from the current price levels.

In different words, this prominent behavior in behavior means that the current increase in selling and reaping by these investors wears themselves. With the sale of pressure to the bottom between Bitcoin holders in the short term, it can indicate a potentially imminent recovery, with main levels such as the achieved STH that retains strongly against Habboudia attempts.

Distinctive photo of Pixabay, Chart from TradingView.com

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