Bitcoin maintains a higher tag of $ 104,000, indicating resilience despite the recent fluctuations and growing total economic uncertainty. After weeks of action suspended on the price, BTC appears to be uniformly in preparation for decisive action. While some analysts are calling for a deeper correction, others remain optimistic, as they expect a new rise in the coming weeks with the market momentum.
Investor morale is divided, as the global bond market and tensions add pressure to the assets of risk. However, the data on the series provides a more optimistic look. According to Cryptoquant, the current Hodl level – the bitcoin ratio that is kept without moving – is at its highest point in the past two years. This indicates that long -term bearers are still confident, choose accumulation or survival instead of selling.
This high Hodl behavior is often preceded by the main bullish price movements, as supply increases and increased purchase pressure. Since Bitcoin’s essentials are still strong and fluctuations gradually return, all eyes are on the main resistance levels of about $ 109,000 and support nearly $ 103,600 to determine the next main direction of BTC. Whether the market is choosing an outbreak or a decline, the current setting indicates that the coming weeks will be a pivotal for the Bitcoin path.
Bitcoin faces a decisive test amid global tensions and registration of Hodl levels
Bitcoin is traded at a critical level with high global tensions, and total economic uncertainty constitutes the broader financial scene. With the intensification of trade disputes between the United States and the signs of bond market warning, both traditional markets and encryption are both. However, Bitcoin continues to show flexibility, holding more than $ 104,000 as investors are waiting for a decisive step. Despite the strength, there is still a higher outbreak than a height of $ 112,000 ever is very important to confirm the continuation of the bullish structure.
Analysts remain divided. Some believe that the current monotheism stops temporarily before lifting another leg, while others indicate increased fluctuations and the demand for retail sale as signs of possibility. However, one key scale suggests the potential force.
According to senior analysts Axel Adler, Bitcoin exchange to the network activity rate highlights a strong signal on the series: The current Hodl level is at its highest point in the past two years. This percentage compares BTC movements to the overall Blockchain activity, and when it indicates that there are fewer metal currencies they are sent to exchanges for sale. Hodl’s high behavior indicates a long -term holder, which reduces the circulating width and is likely to be the theater for the penetration moved by the show.
Historically, such conditions have preceded large gatherings, especially when combined with the increasing network activity and reduce exchange flows. While external risks remain and short -term morale seems careful, this trend can help in long -term reservation in supporting high prices if the macroeconomic conditions stabilize. Currently, Bitcoin remains prepared between potential collapse and restoration, as the next few weeks are likely to be determined by a medium -term direction.
BTC Prices Analysis: Narrow Domain Signals Flippers
Bitcoin is currently trading of about $ 104,892 on the graph for 4 hours, caught in a tightening range between the main support at $ 10,600 and resistant at $ 109,300. After failing to seize $ 110,000 in late May, BTC has declined and now hovering over 200 SMA, which is closely in line with the subsidy zone of $ 103,600, making this level a critical area of defense.
34 EMA and 50 SMA began to settle, indicating that there is no clear direction of the direction, while 100 and 200 SMAs operate as dynamic support areas. The price is now pressed between short -term and long -term moving averages, indicating accumulation before collapse. The decisive step exceeding $ 106,000 would indicate renewable bullish momentum, and may lead to another test to resist $ 109,300. On the other hand, the collapse of less than $ 103,600 can lead to a more severe decline.
The size was relatively low during this monotheism, which is a common sign that the biggest step is to ferment. Merchants should monitor height in size to confirm the next direction. Currently, BTC remains linked in the range, and the following few sessions are likely to determine whether the bulls regain control or the bears momentum in the short term.
Distinctive image from Dall-E, the tradingView graph
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