gtag('config', 'G-0PFHD683JR');
Price Prediction

Bitcoin to continue the side move, is the market “saturated”?

Este artículo también está disponible en estñol.

With the end of the first month of 2025, Bitcoin (BTC) continues to move within the range of elections after the United States, but is approaching two historical candles. Some analysts have formed the market status, indicating that it could be satisfied with good news at the present time.

Related reading

Bitcoin near the historical monthly candle

Despite the recent corrections, Bitcoin has been moving within a range of 90,000 and $ 108,000 since December 2024, in which it was combined in the middle of the region from the price range for most of this period.

Some analysts have indicated that the main encryption had a decent performance this month, not to stay away from a sign of $ 100,000 for a long time. Moreover, it is its last recovery from the scope of $ 104,000 to $ 105,000 that represents the way for a monthly and historical weekly candle.

As the analyst Rekt Capital, Bitcoin, watched hours of closing the month over the $ 100,000 barrier for the first time and “printing a new monthly candle to confirm the outbreak of monthly bull science.”

Bitcoin
Bitcoin is close to confirming its outbreak of monthly bull science. source: Rekt Capital on X

In addition, Bitcoin can Sees “Historical weekly closure” if the week ends above 104,416 dollars. According to the analyst, the similar closure above the main weekly resistance at this stage of the session has historically previously “continuing the upward trend to its highest levels ever.”

However, the Rekt Capital also indicated that BTC is likely preparing for the second afternoon station, indicating that a new gathering for discovering prices may start in mid -February.

The analyst explained that the second station started historically in the sixteenth week of the equivalent stage, while BTC currently recovered in the fourteenth week, which recovers from correcting the discovery of the first price.

Based on this schedule, the main encryption is expected to continue to gather for another week and a half, and investors are advised to “Hodl” with the patience of BTC.

Do you vibrate the confidence of the encryption market?

Another market observer male Bitcoin was “stuck in anger for a while now,” adding that he expected to see some bullish momentum after FOMC news. The trader believes that the lack of a large price movement indicates that the price of BTC “will be side by the next few days.”

Recently, Aurelli Barteri, the main research analyst in Nansen, was burdened by the current situation in the market. Virgin Proposal The market appears to be “saturated now”, as most of the last upward news has been ignored.

The report highlighted the latest regulatory changes, including SAB 121 and the executive of an American encoding stock, was “very optimistic” and it is likely to facilitate the adoption of broader encryption.

In addition, the Ministry of Government Efficiency led by Elon Musk (Doge) is said to be the general Blockchain to track and manage public expenditures. However, the news has been ignored and followed by “the overwhelming basic procedure by BTC and the rest of the encryption market.”

This indicates that the market is temporarily saturated and “more interactive with negative feelings than positive news.” Barthere pointed out how Deepseek’s retreat caused by Monday in the encryption market.

Related reading

Based on the price and the size of the procedures immediately after Shakeout, the analyst noted that “the confidence of the buyers” was somewhat shaken, “which led to a shy recovery at the beginning.

However, unlike other symbols with upper symbols, Bitcoin had a shallow and brief sale during the day on Monday, which “shows an interesting level of” dispersion “between the distinctive symbols, with BTC still the distinctive popular symbol of this policy based on the policy based on Politics Market Environment.

Bitcoin, BTC, BTCUSDT
Bitcoin performance in the graph for one week. Source: btcusdt on Tradingvief

Distinctive photo of Unsplash.com, Chart from Tradingview.com

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button