- Bitcoin is trading above the price level of $ 96,000.
- Bitcoin market dynamics compared to 2020/2021 Bull Run.
Bitcoin is trading near the price of $ 96,000 after a decrease to 93,487 dollars earlier today. Although low price ranges are common before the bull is operated, the market dynamics of bitcoin are different this time. The maximum of the total Crypto market hovering about $ 3.17 trillion with a slight increase of 0.53 %. At the same time, it is encrypted Fear and greed indicator Records 37, indicate a cautious environment among merchants.
The famous market analyst Ali stated that Bitcoin holders in the long term in the denial phase of his X. When BTC reached a new ATH over $ 100,000 after Trump’s re -election, this indicator continued the greed phase until January 2025.
Ali says that the stage of denying long -term holders often precedes the main market attacks. Historically, this was the case. With the current anticipation of the bull’s running, a post reinforced on the belief that the bull runs around the corner. However, the BTC market dynamics are different this time compared to previous sessions, which may be a challenge for investors.
The lack of a high financial lever environment in the bitcoin market
In the last bull race he witnessed on 2020/2021, Bitcoin qualifiers caused severe fluctuations in their price. This environment often leads to a financial lever in the market. Bitcoin and Ethereum recorded more than $ 600 million recently. However, this does not cause severe fluctuations and does not provide much influence at the present time.
This difference in market dynamics indicates that traders have become strategic enough to prepare losses. the Matrixport report I suggest that this may be due to the strong condemnation of the SEC Bitcoin ETF approvals. Unlike the previous market scenarios before Bull Run, the current BTC market provides low influences for traders.
The news of the encryption was highlighted today:
The co -founder of the scale symbol claims to pay the sister of Argentine President Javier Millie
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