Bitcoin presses the main resistance levels again, which indicates flexibility after correcting a deep march. While the price structure is stable, the behavior of mines and public momentum indicates that the next directional step may be decisive. Below is a new collapse using the daily chart, 4H Trendline, and Miner Reserve Metric.
Technical analysis
Daily chart
On the daily chart, BTC holds a little less than the moving average for 200 days, and is about 88 thousand dollars, after a decrease in mid -March, about 74,000 dollars. The price procedure remains trapped between 80 thousand dollars and the moving average for 200 days, which is a pressure range.
RSI also hovers near the level of 50 neutral, indicating the frequency. While the last bounce is a construction, buyers must pay a barrier of $ 88,000 to convert the bullish structure again. Until then, the price remains vulnerable to more monotheism in this macro range.
The graph for 4 hours
The graph for 4 hours shows that BTC explodes from a well -defined descending trend line, which was a dynamic resistance for more than a month. This penetration now has multiple assurances, while combining prices over the direction line.
The momentum has been cooled slightly, as shown in RSI flattening, but low low structure is still intact. The ongoing step above 86 thousand dollars can lead to 88 thousand dollars to an acceleration towards the level of resistance of 92 thousand dollars, while any decrease to less than 83 thousand dollars can re -offer negative pressure towards the support zone of 80 thousand dollars.
Series analysis
Exchange reserves
Bitcoin workers’ reserves are steadily continuing, and now in their lowest years. This indicates the distribution of a stable mine worker, which historically reflects the behavior of profit, especially during strong gatherings.
While lower mines reserves can reduce the long -term sale pressure if BTC is slowly sold, sharp drops in reserves, especially during local price peaks, can mark the distribution stages. Currently, the trend indicates that miners do not store, so buyers must rely more on the payable demand and institutional accumulation to keep momentum alive. However, the reflection in this direction can add fuel to any upside down.
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