Bitcoin’s historical base to determine the peaks of the course in danger – here is the reason
BitcoinThe upcoming upcoming updated trend has placed the main origin in the lights as it moves towards its highest level ever, $ 110,000, which was achieved in January this year. While BTC is about 5 % from its peak, speculation is whether this new power can lead to the top of a cycle. However, it seems that the indicators of the highest bicycles turn away from the previous trends.
The market threatens to break the main direction in the main cycle
While Bitcoin is preparing for another height, Alphractor, an advanced investment platform and a platform on the series, indicates a possible difference between this session and the directions of the previous session. Platform analysis Reveal BTC’s current market behavior can be one of the most reliable indicators in the sessions of the courses over the years.
Specifically, this reliable indicator set by the platform on the chain is the simple moving average for two years (2Y SMA). If trends persist, it may indicate a change in the way the future peaks are determined through this indicator, indicating the presence of a more mature and uncertain market structure.
According to Alphractor, Bitcoin cycle tops It has happened historically in the gradually less complications for the SMA 2Y index, indicating slow unification and low volatility.
Looking at the double scheme, the first peak appeared in BTC in about 2 years of SMA x15. In previous sessions such as 2017, the main assets reached their climax after hitting SMA X10. Meanwhile, in the 2021 cycle, it reached for the first time to 2 years of SMA x 5 before declining 2y SMA x 2.65 by the end of the cycle.
The graph shows that BTC tried to penetrate multiple SMA 2.65 in the ongoing cycle but was unable to succeed, which shows a decrease in gains and indicates more uniform and mature assets. Nowadays, the 2y SMA x 2.65 level is located at a sign of $ 159,000, and this will be the main obstacle Bitcoin to exceed If the traction is developing again.
while BTC accusations Towards this resistance area, Alphractal emphasized a key in the current direction. With each new cycle, the platform indicates the ability to extend the gains that exceed the moving average for two years, which enhances the strength of this market in the long run.
BTC summit for this course is not very far away
Axel Adler Junior, an expert and author of the series, also he has Shed About the peak of the BTC cycle using the MVRV-Z top pricing ranges. This scale is another important indication of determining the peaks of the cycle and calm over the years, with the help of the standard deviation between the market value and the achieved value.
With the market gradually stabilizing, Axel Adler highlighted that the pressure pressure is still unusually calm. During, MVRV-z Index Readings show that BTC will not reach its peak in this course to this fall.
Meanwhile, the expert hopes that there will not occur such as the black swan The last wave of buyer’s momentum Without facing any disorder.
At the time of writing this report, the BTC price was hovering near a $ 104,000 sign with an increase of approximately 2 % in the past 24 hours. The trading volume slowly exceeds the pace along with the recovery, as it rises by more than 14 % last day.
Distinctive photo of Pixabay, Chart from TradingView.com
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