Can Bitcoin (BTC) break 92 thousand dollars? The trader realized that the price maintains the answer
Investors wonder whether Bitcoin’s (BTC) Bull Run has begun to weaken or just take a break after the last prices. However, an analyst on the series Julio Moreno It is believed that the main resistance level may consist of $ 91,000 to $ 92,000.
This price area is closely in line with what is indicated in the name of “the price achieved on the circulating chain”, and the pink line represents it in the scheme that he shared. This scale reflects the average price that their current holders paid against Bitcoin and often as a psychological and technical standard in market analysis.
Market morale transformations are reflected in the realized price
Giulio adds that the price of this merchant is achieving differently depending on the total market morale. When the feelings are optimistic (it is indicated in green on the graph, with a bull degree 60 or higher), the price usually remains in the “superior area”, where withdrawals tend to be limited and the prices are bounce.
However, in a declining feeling (which is placed in red, with a bull degree 40 or less), this level becomes a resistance point, which makes it difficult for the price more high. According to the result of the current Bitcoin bull and red shading on the graph, we are still in the Habboudia region.
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In short, if Bitcoin managed to climb to a range of 91000 – 92,000 dollars, it is possible that he will face great resistance.
The date of bitcoin price indicates a repetition pattern before us
This cautious outlook is strengthened by the historical patterns seen on the graph, which tracks the direction of bitcoin from 2020 to 2025 along with the degree of bull and the rolling price.
In previous sessions, as soon as the price is reached or a little bypassing the pink line during the pipes, the pressure pressure usually increases, which leads to expanded corrections or monotheism.
Currently, the bull’s degree remains less than 60 years. As Bitcoin approaches the pink line again, this may be a sign of another turning point. Support this view, Aethercapital I mentioned a large sale wall at 92,000 dollars on the Binance Request Book.
This means that there is a dense set of sales orders to this level, which indicates that many merchants are ready to make profits. This wall can be a major price barrier for prices unless it is overwhelmed by the great purchase pressure.
