Bitcoin exceeded $ 98,000 on Thursday, which prompted an intense discussion between merchants on whether a teacher was $ 100,000 at hand or whether the current gathering is vulnerable to a quick correction. Behind the scenes, market observers indicate an increase in open interest (OI) and increasing the leverage, while highlighting the possibility of paying the leverage.
Bitcoin rally or trap?
Community analyst Cryptoquant Maartunn (Ja_MaARTUN) warned of a “uploaded pump”, noting a 2.4 billion dollar jump in OI Bitcoin within 24 hours. Via X, Books:
Confirm these notes, the well -known commentator byzantine General (byzgeneral) High The important role of the new long reality in the payment rates is higher: “A lot of fresh phase here on BTC, which is the high price. It is somewhat funny that the entire market is now raised outside the back of these phases here.”
Analysts from Alpha Dogo (@alphadojo_net) Repeat Feelings of caution, which confirms the existence of a noticeable gap between the open interest based on future contracts and the bought by the spot: “BTC continues to grind up, while OI rises steadily, but there is a little bit of stains. BTC is now approaching the upper end of the range Again.
Although the possibility of a great purchase can pay the market, they warn that without new stimuli such as “narrative or positive news in the short term, it seems that BTC will struggle to pump it sustainable over the sign of $ 100,000.”
Famous encryption analyst Bob Lucas available A periodic framework to explain the bitcoin price movements, noting that the market may approach the end of a multi -week session and another start: “We are about to complete the weekly Bitcoin course, where I was finally participated in 6 weeks. For context, there were only 5 weekly courses since the lower Its levels in the market 2022. (AVG events 6 months). (June 23).
When asked if this indicates an imminent market top, Lucas explained: “I say that we are about to start a new one. The courses always start from its lowest levels.” His comments indicate that although the transfer of the course is imminent, it is not necessarily equivalent to The peak of the market – while it can represent a new start.
Technical analyst Rekt Capital (@rektcapital) Assure The importance of the daily Bitcoin closure is higher than the 97700 dollar threshold, which indicates that the successful re -test of this region can pave the way to exceeding $ 100,000: “The momentum in the early stage resulting from the upper difference has translated itself into this last step. With the daily closure The latter is above 97700 dollars, Bitcoin will now try to re -test the aforementioned level as support to enable the continuation of the direction.
He also explained on the Bitcoin (RSI) (RSI) channel, which means that the rest over a series of low heights may indicate the next stage: “Over time, the price of Bitcoin continued to re -test the blue trend line as support. The Islamic Conference Conference indicators continued in The bottom of the channels. The top of the channel.
In the future, a clear re -test of 97,700 dollars can confirm the support of the ups in Rekt Capital: “The daily closure was above $ 97700 success After taking $ 97,700 in new support that would fully confirm the BTC status to resist 101 thousand dollar. “
At the time of the press, BTC was traded at $ 98,645.
