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Bitcoin’s latest batch of about $ 120,000 fading into a booth similar to the “failed penetration zone”, according to the Swissblock Market Analysis Company. In the thread of July 31, the company said, “The momentum has failed to ignite,” on the pretext that the profitable flows and a huge share of the coins sitting in the profit have turned into an opportunity to offer to meet the price.
Attract the profit cold bitcoin Rally
Swissblock framing the setback as a temporary stop instead of collapsing. The company wrote: “The achievement of profits is rising-but it is not intense in late 2024,” adding that the influence during the month of July was “enough to form the upward trend and operation.” The tone is cooling, not slicing: “The pressure pressure is visible, but it is not extreme – super cooling, not surrender.” This diagnosis depends on readings on the series of profit, which is the inputs that tend to expand the gatherings where long metal currencies are spent in strength-and the market structure in which bids absorb supply instead of overcoming it.
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The most striking data point in string It is the breadth of profitability: “96 % of the offer in profit”, Swesplock pointed out, referring to the glass. This ratio is historically compatible with the arrival of the late cycle, but it is also mechanically defined; When all the owners of pregnancy are green, the underlying sale pressure rises because “unreasonable gains are attractive sellers.” “Swissblock”, “holders remain strong. But unreasonable gains are the attractive sellers. Until the request returns, each bounce calls for supply.” The company claims that the broader trend is “Salim – but the momentum needs to be reset.”
Beyond the achievements achieved on the chain, you read the basics of the compound company neutral while improving liquidity. “The basics of BTC are strong and stable”, and “liquidity recovers”. This mixture usually prefers the scope behavior on the directional adjectives-a “supportive environment for mergers”, as the publication-which can “can grind it sideways for a longer period-is ready to break the condemnation.” The implicit meaning is that the risk of “failed collapse” in the market reflects timing instead of the reflection of the direction: the location and liquidity is not aligned with continuous continuous.
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The context of crossed assets is equally accurate. “Altseason is active – but under pressure,” said Swesplock, noting that although “$ ETH still outperforms the structural BTC, and it becomes better in this withdrawal, most Altcoins decreased, with” only 5 % of 100 shows the positive motivation “. This rotation emphasizes selective risk delicious and momentum outside the largest names. Historically, this pattern often precedes a decisive step in bitcoin that re -charms or breaks the rotation.
The final evaluation of Swissblock is cautious. “The attraction of profits fades and the pressure pressure is absorbed. BTC is preparing to penetrate-but the momentum needs to be aligned.” Until the arrival of this alignment, the company expects grinding: bids continue to meet the offer from the jam owners, win moderate profits, and liquidity improves in the background. If Bitcoin turns the momentum into positivity, as it argues Swissblock, it may be indirectly strong: “While BTC grinds sideways, watch the moment when it turns, and Etcoins are likely to explode up when it happens.”
In short, today it seems to decline today to $ 115,000, as is the explicit rejection of the market’s ability to digest profits and reset the momentum without damage to the primary upward trend. With the pressure of 96 % of the profits and widening, the next motivation is likely to be detailed whether liquidity and demand can reaffirm themselves before the profit reaction. Currently, the Swissblock message is clear: You will need to earn a penetration, and not assume.
At the time of the press, BTC was traded at $ 115,452.
Distinctive image created with Dall.e, Chart from TradingView.com
The post Bitcoin Fakeout? Research Firm Says Momentum Just Flipped Bearish first appeared on Investorempires.com.
