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Bitcoin (BTC) is currently trading just less than $ 88,000, which is a significant decrease from its highest level ever of $ 109,000 earlier this year. Over the course of last month, the leading cryptocurrency faced a steady decrease, as nearly 15 % slipped and showed limited signs of a recovery.
While this declining trend has many relevant investors, one of the cryptocons, Bilalhuseynov, participated recently point of view On the current state of Bitcoin using the Retail Investment Index (RID).
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Bitcoin retail investor request at a crossroads
Bilalhuseynov’s analysis focused on the retail investor request (RID). This scale, which measures the interest of retail and its activity in Bitcoin, can provide an insight into possible price movements.
According to the analyst, the retail investor request has recently faced resistance near the neutral area of about 0 %. Again in mid -February, the disposal index tried to cross this threshold but fell, which led to the decrease in Bitcoin to the current level of $ 88,000.
However, despite this setback, there are positive signs. The analyst pointed out that the disposal began to pick up again, a pattern that reminds us in June 2021 when Bitcoin witnessed a rapid recovery after a similar decline.
However, in order for the scale to indicate a really positive turn, it will need to rise above the neutral area by 0 %, indicating a possible transformation in the market morale. Bilalhuseynov also explains how the disposal scale can direct a long -term analysis. It defines three main levels:
• negative (-15 %): a strong indicator to monitor purchase opportunities.
• neutral (0 %): a sign that the market may prepare for movements in either direction.
• Positive (15 %): indicates that the price of bitcoin has entered a “distinct area”, and is often seen during the bull markets.
The analyst gave an example, as he highlighted that in October 2024, an increase in the neutral area coincided with 0 % with Bitcoin’s arrival to the highest level ever.
On the contrary, declining again to 0 % in late 2024 distinguishes the beginning of the Habbiyah stage. Currently, the disposal sits in a critical turn, and the shift of the demand for retail can affect the Bitcoin path in the coming months.
Short -term indicators indicate possible recovery opportunities
Meanwhile, other analysts define short -term purchase opportunities on the basis of different standards. Yonsi Dent, another Cryptoquant analyst, Refer SOPR is the STH. STH.
This scale, which measures whether short -term holders are selling with profit or loss, has recently decreased to levels that have historically referred to the conditions of sale.
According to DENT, the Bollegerer Rangers app helps with severe deviations, and current data shows a similar pattern to previous market measurements.
Denn noted that every major negative deviation in the Sth-SOPP may be followed by a short-term recovery range from +8 % to up to 42 %, even during the conditions of the bear market.
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This historical context indicates that Bitcoin may approach a critical turn. If this pattern continues, the price recovery may be in the short term on the horizon, providing an opportunity for traders in the short term.
A distinctive image created with Dall-E, the tradingView chart
