Bitcoin is traded at a decisive point after new new levels are placed at all, but it seems that the momentum is turning. Although she paid shortly beyond $ 120,000, BTC failed to maintain higher levels of its record, and the penetration over the ATH is still uncertain. This deficiency in the follow -up has led to a decreased speculation, as some analysts have warned that the market may face increased risk of the negative side in the short term.
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At the same time, the data on the series draws a more constructive picture of stability in the long run. According to the latest ideas, the long-term holder group (LTH)-those that are holding bitcoin between six months and two-have increased significantly from its supplies. Since April, when BTC has been trading at $ 83,000, their holdings grew from 3.551 million BTC to 5.191 million BTC, a noticeable increase of 1.64 million BTC.
This accumulation indicates a strong condemnation among experienced investors, and even challenges short -term volatility in the market. While traders focus on whether Bitcoin can restore $ 120,000 and create a fixed outbreak, the constant accumulation by long -term holders reinforce the broader upper budget. The clash between weakness in the short term and strength is likely to determine the main step next step for Bitcoin.
Bitcoin long -term signal signal
According to senior analysts Axel Adler, the latest Bitcoin test showed the highest level at $ 118,000 a completely different behavior compared to previous sessions. During this step, their long -term holders (LTHS) who keep coins between six months and two in some profits. Data It reveals its average spending for seven days, up to 20,000 BTC. However, this level is much lower than the typical distribution mutations of previous sessions, as spending has often increased to between 40,000 and 70,000 BTC.
This most moderate activity for sale indicates that the condemnation of long -term holders is still strong. Instead of achieving profits strongly, many choose to continue accumulating or simply run their positions. Adler highlights that accumulation still exceeds distribution, which reflects confidence in the future direction of the market. This behavior of experienced participants usually indicates a more healthy and more sustainable bull stage, where the pressure pressure is absorbed without disrupting the broader upward trend.
Despite this encouraging background, Bitcoin faces a decisive technical test. To confirm the strength of the last step, BTC needs a decisive payment to the highest level worth $ 125,000. The collapse that exceeds this resistance is likely to achieve the authenticity of the flexibility that its owners show in the long run and open the path towards discovering prices.
If the bulls succeed, then the combination of institutional demand with long -term accumulation and lowering the selling pressure can pay the following main gathering. On the contrary, the failure to restore $ 125,000 in the short term may give Bears a room to test lower levels before Up Leg.
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Support test after ATH refusal
The graph for 4 hours of Bitcoin shows the decline in prices after the sharp rejection near 123200 dollars, just less than the highest level ever at $ 124,000. After this failed attempt, BTC fell about $ 117,300, currently holding over the main convergence between 100 and 200 moving averages.
This region ranges between $ 116,900 and $ 117,600 operating as immediate support. A decisive collapse here can offer a negative aspect of about $ 115,000. However, the moving averages are still bending up, which reflects an essential upward structure despite the short -term weakness.
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Repeated rejection emerges from 123,000 to $ 124,000 the importance of this resistance. The bulls will need to restore this area by condemning to confirm momentum and expand the range of upward trend towards higher levels. Until then, the market remains in a standard of unification, where traders are closely monitoring if it is supported in a $ 117,000 region.
Distinctive image from Dall-E, the tradingView graph
The post Bitcoin Data Shows Accumulation Prevails As LTH Selling Pressure Eases first appeared on Investorempires.com.
