While the public encryption market slowly turns into landing, Bitcoin He continues to keep the highest main support levels, which was previously acting as a strong resistance a few days ago. BTC’s renewed trend attracted great attention to investors, as noted by the rise in upscale bets, but the future may not be promising.
The bills on the risks of high bitcoin
The long bitcoin sites have risen sharply after the last rise in the original price, indicating a strong conviction in its horizons. Advanced investment and data platform on the alphractal series I mentioned The shift in feelings between institutional investors and retail trade.
According to the platform, Long long sites It took control of the exchange of encryption during the past three months. This noticeable rise in long situations indicates that investors and traders are very confident about the continuous direction and are betting on a rally in the short term.
While this development is a pivotal of the current market dynamics in BTC, Alphractor warns of a possible new wave of references. The platform added: “After increasing the recent prices and short filters, retaining length may now increase your risk.”
Alphraractal hints in new possible A wave of liquidation As a feverish market and increase the job leverage functions have already been acute corrections. This has raised concerns about the sustainability of BTC prices as it homes near the main resistance levels. To date, Alphractor urged investors to stay careful, make profits, stop stopping, and sustainable risk management.
In the aftermath of the last upward trend, the attention of renewable investors and their confidence in BTC is also observed between whales because it continues to collect the asset. Glassnode, platform on the series, open The Pisces investors returned with their full power, and they pay BTC accumulation degree To positive levels.
The degree of accumulation is a main scale that measures the intensity and consistency of a large holder. Interestingly, this scale has maintained a positive level since the beginning of April, which reflects strong purchase pressure despite price fluctuations.
Data indicate The level of almost perfect accumulation From 0.9. Moreover, the wallets containing 1000 BTC and 10,000 BTC pushed the degree of trend to 0.7. Recently, the wallet addresses have turned with 100 BTC and 1000 BTC also towards accumulation with a rise in the degree of direction to a level of 0.5.
BTC price forms reverse style and shoulders pattern
In x mailCrypto information platform signs have predicted a significant transition to the highest level in Bitcoin in the coming weeks. Its prediction depends on the opposite head of an emerging up and the formation of the shoulders on the daily time frame.
Initially, the expert indicated that BTC is long from $ 76,000, indicating that the original may not reach this level again. Looking at the style, Bitcoin price It is expected to reach the highest new level ever before restoring a threshold of $ 92600 and the formation of the right shoulder. After correction to 92,600 dollars, currency signals indicate a huge outbreak that would push BTC to $ 140,000 by July.
Distinctive photo of Pixabay, Chart from TradingView.com
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