Bitcoin faces the battle of Make-a-Break up to 1.76 million BTC, a group ranging from $ 94125 and $ 99,150
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Bitcoin has I entered an important area In recent days, with a price space of $ 94,500 as an increasingly important battlefield for its short -term path. Although the leading cryptocurrency has made several attempts to purify this area During her last gathering, She has been repeatedly rejected, highlighting the presence of strong resistance.
Despite these setbacks, the data on the chain indicates a large whale accumulation It was observed in the exchange of encryptionHinting that the bullish current is still strong as Bitcoin is looking to end April 2025 on an entrance lock.
Heavy Resistance Group is between $ 94125 and $ 99,150
According to the encryption analyst Ali Martinez, who Common visions From the platform on the series Intotheblock, Bitcoin Facing a severe resistance Between 94125 dollars and 99,150 pricing range.
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It is worth noting that its post on the social media platform X shows that about 2.61 million headquarters have accumulated about 1.76 million BTC within this region, making it one of the most supply barriers that Bitcoin faced in the current market tour.
As shown in the graph below, about 1.26 million titles contain approximately 843,000 BTC between $ 94125 and 96,582 dollars, while 1.35 million titles are collected between 96582 dollars and 99,146 dollars, and holds about 917,000 BTC. The concentration of the owners creates a huge wall that Bitcoin must be decisively violated if it is possible to continue its emerging career until next month.
The daily or weekly weekly closure and the animal can nullify the public resistance here, which places the next target area with an amount of $ 99,150. Ultimately, the purchase momentum here would remove the course of bitcoin in the end The goal of $ 100,000 and beyond once again.
On the contrary, the frequent failure in this region can cause low support levels about $ 93,000 and $ 84,000, which also has large sizes of 678,000 BTC and 759,150 BTC, respectively.
image From x: ali_charts
Bitcoin still ascending is intact
Although the resistance area, which ranges from 94,000 to $ 99,000, is a challenge in the short term, technical patterns indicate that the Bitcoin gathering has just begun. Another prominent encryption analyst, known as Titan of Crypto, Reaffirm Bitcoin’s long -term price is about $ 125,000 in effect.
This goal is derived from a huge reverse head and the H & S style set on the monthly Bitcoin monthly chart.
image From x: Titan From encryption
Graph It appears clearly Above the neck line to form the reverse H & S this year when Bitcoin has ever paid the current rise of about $ 108,790. Since then, the price procedure has been a test that maintains a higher company than the support line on the monthly timetable.
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According to the analyst, this artistic structure explains that Bitcoin is in a good position for apostasy and reaching the highest new level ever at $ 125,000 very soon. Of course, this schedule also depends on whether the current support zone ranges from $ 85,000 to $ 87,000.
At the time of this report, Bitcoin is traded at $ 94,147
Distinctive image from Unsplash, tradingvief chart
