Bitcoin needs to maintain a decisive threshold for “more room” scenario for the analyst

The height of Bitcoin (BTC) is more than $ 109,000. This upscale movement was a welcome period in the wake of Trump-Moussa’s dispute last year, which briefly dragged the encryption assets to nearly $ 100,000.

The market expert believes that the current assembly “may have more space for operation.”

The upward trend is still intact

Bitcoin is broken over the short -term direction after the end of the bullish penetration of the uniform triangle style usually associated with the continuous direction. Marcus Thielin, a prominent encryption analyst, pointed out that although he initially expected a quieter summer trading period, the current step strength indicates that the new capital leads this height with low tariff fears.

In the latest version of Matrixport analysisThynin pointed to a fixed momentum despite the expected ups in the consumer price index data this week, which is unlikely to stop the current Bitcoin path.

Simultaneous markets have reduced federal reserve price discounts this year to only one, reflecting the American economy more flexible than previously expected. Thillain added that the bullish trend of Bitcoin is still intact, provided that the cryptocurrency maintains levels of more than 105,075 dollars. This price point will now be a decisive artistic threshold for the continuous upward movement.

Low sales pressure

Supporting this technical view, the data on the series provides additional evidence of the sustainability of the assembly. According to Glassnode Glassnode, the investigator Experienced Dramatic decrease, decreased by 89 % from about 126 million dollars to $ 13.6 million based on the averages of simple movement 24 hours.

Data reveals that despite Bitcoin trading at similar price levels in late May, experienced investors who held their positions for more than a year show a significantly reduced activity.

This sharp decline in the pressure pressure of experienced holders indicates that this group of investors seem more frequent in achieving gains at current price levels compared to their activity during the previous height period.