Bitcoin holders add more than 880 thousand BTC in 30 days-the condemnation is increasing
Bitcoin accumulation in the long term amid global tensions
Bitcoin rose to $ 110,000 just two days ago, and came out at an amazing distance from its highest level ever. However, the growing geopolitical tensions-especially after the Israeli conflict, Iran-have sent the markets to a state of risk fluctuations. BTC has since recovered to 104,000 dollars, a 7 % decrease from the highest local level, but the basic procedure is still noticeably flexible. Bitcoin continues to trade above critical support levels, and the broader direction indicates that the bulls may still have momentum on their side.
The $ 112,000 region remains the main level that must be turned on, as the decisive collapse there will push BTC to discover prices and indicate the beginning of a new explosive stage for the entire encryption market. Currently, the market is awaiting confirmation, as Bitcoin reinforces less resistance in a high -risk environment.
Despite the fluctuations, the strong basics on the chain keep investor morale intact. According to Cryptoquant CEO Ki Young Ju, their long-term holders added 881,578 BTC to their governor over the past thirty days-a huge wave of accumulation. This cohort usually consists of more experienced investors, indicating confidence in the medium bitcoin path.
While universal uncertainty continues to control the main headlines, Bitcoin’s ability to retain $ 104,000, along with this long -term accumulation, indicates that any decline may be short -term. If the bulls regain momentum and restore $ 110,000, the next station may be an unknown area that exceeds the highest level ever. The next few days will be determined for the rest of the quarter.
BTC finds support after the sharp rejection of resisting 110 thousand dollars
The Bitcoin scheme for 4 hours reveals a sharp rejection from the $ 110,000 region earlier this week, followed by a rapid decrease to 104 thousand dollars. The price currently retains a little decisive support level about $ 103,600 – a region that was a launch platform in early June. The 109,300 resistance remains the main level that breaks to continue all over the ranking ever, but until then, the trend remains vulnerable to negative fluctuations.
The price procedure shows an increase in its size on the last sales, which indicates an increase in the investor’s reaction to the geopolitical tensions that resulted in the Israeli conflict. However, the reversal of the level of $ 103,600 indicates that the bulls defend this region, and still serve as a major structural support.
SMAS 50, 100 and 200-period is between $ 106,000 and 106,500 dollars, adding a meeting as a short-term resistance group. A clean break over that area can open the door to re -test 109,300 dollars. If BTC fails to retain $ 103,600, the market can review the psychological brand worth $ 100,000.
Distinctive image from Dall-E, the tradingView graph
