This main resistance can prevent BTC to increase to $ 90,000

Bitcoin has recently turned away from the critical support level of $ 78,000, and is now testing a large resistance at 85 thousand dollars.

If you can restore this level, it is possible that the next goal is a 90,000 dollar area.

Technical analysis

by Shayan

Daily chart

The recent BTC price movement has seen a simple recovery from the lower boundary of the rising church, which corresponds to the level of Fibonacci Fibonacci 0.618 at 78 thousand dollars. This convergence of support levels promotes the possibility of defending buyers in this field in the medium term.

However, Bitcoin has now headed towards a major resistance area at $ 85,000, which coincides with the level of 0.5 Vibonacci and the moving average for 200 days. While the collapse over this region can lead to an increase in the threshold of $ 90,000, the presence of sellers at this level indicates that more monotheism is a short -term scenario more likely.

The graph for 4 hours

In the minimum time frame, the last upward Bitcoin movement has made it near the upper border of the countdown at 85 thousand dollars. This pattern often indicates the recovery of the upscale market if the price is violated in the upper direction line. If Bitcoin maintains its momentum and successful over this resistance, it is likely that the gathering follows about 90 thousand dollars.

However, given the current market conditions and the lack of strong demand for purchase, more monotheism remains within the couple is the result in the short term in the short term.

Series analysis

by Shayan

The Cap UTXO Age Bands ( %) is achieved is a valuable scale on the series that shows the distribution percentage of Bitcoin based on the period kept.

According to the latest data, the percentage of metal operations held for 3 to 6 months was rapidly rising, which reflects the accumulation patterns that were observed during the lengthy correction in the summer of 2024. This trend highlights a feeling of retaining, as investors refrain from selling their bitcoin currency despite the current market correction.

Historically, this type of flexibility between bitcoin holders played a decisive role in forming market bottoms and flared up in the new settlement. With the continued accumulation of long -term bearers, the display available in the blood circulation decreases, making bitcoin more rare. When the demand ultimately rises, this latitude often increases prices, pushing Bitcoin towards new standard levels.

Given this behavior, the data indicates that the current market stage of Bitcoin is more than a healthy correction instead of the beginning of the long bear market. Many market participants still look at Bitcoin as a long -term investment, which enhances the possibility of a continued rise in the end.