Bitcoin is fighting to restore the main resistance levels with the uncertainty in the macroeconomic economy and the concerns of the trade war in influencing both encryption and stocks in the United States, as the leading cryptocurrency has lost more than 29 % of its value since January, and the downsic trend has no clear signs of reflection so far. Since Bitcoin is fighting less than the main levels, investors wonder whether the bull cycle has ended or if the market puts a great return.
Despite negative feelings, standards indicate the series that the demand for BTC and ETH is still strong. Cryptoquant data reveals that the current spread between the exchange flow for all Stablecoins on the ETHEREUM network and the BTC + ETH (sales pressure) flowing over all the peaks previously in the currency demand. Historically, such trends were characterized by major accumulation areas before price recovery. It is worth noting that the highest request on BTC and ETH was registered near the highest level in Bitcoin ever (ATH) at a price of $ 101,000.
While uncertainty continues, this sign indicates that the accumulation may be ongoing, giving Bitcoin the ability to stabilize and restore high price levels. The next few days will be very important to determine whether the bulls can regain control or if there are other declines on the horizon.
Bitcoin in the Dab Market area, but the demand indicates a possible recovery
Bitcoin has officially entered the Bear Market area, where many analysts expected a deeper correction with the spread of fear through global financial markets. The wrong policies by US President Trump, including customs tariffs and foreign trade decisions, have contributed to economic instability, with increasing speculation about possible stagnation. These factors rocked the encryption and stock markets, which led to a continuous decrease in the price of bitcoin.
However, not all analysts agree that the bull cycle has ended. Some argue that despite the correction, the strong demand for BTC and ETH remains. Senior analysts Axel Adler Common visions on xAnd revealed that the current spread between the exchange flow for all Stablecoins on the ETHEREUM network and the BTC + ETH (sale pressure) flow exceeds all the peaks previously in the demand for coin. Historically, similar trends were characterized by major accumulation areas before maintaining the main prices.
Adler highlighted that the highest demand for BTC + ETH was registered near the highest level in Bitcoin (ATH) at 101 thousand dollars. In addition, the metric peaks, which are characterized by green circles, indicate the active accumulation periods in the market. As of now, the spread remains above all the previous summits and sits in one normative deviation from the annual average.
Since September 2023, Bitcoin has shown sustainable growth of demand, reflected in the scale curve, which is about 45 degrees. If this trend continues, Bitcoin may approach the end of its correction, which paves the stage for a possible recovery in the coming months.
Prices are struggling lower than the main levels where the bulls feel the pressure
Bitcoin is currently trading at 83,500 dollars after the 200 -day moving average loss (MA) is about $ 84,300. The ongoing battle between bulls and bears is still intense, as BTC struggles to restore the main resistance levels. In order for a recovery to form, Bitcoin must pay a level of $ 86,000 with strength, confirming a shift in momentum. This would open the door to a possible re -test for a $ 90,000 brand, which is still psychological and critical resistance.
However, the failure to restore $ 86,000 in the next sessions can spell the troubles of the bulls. If BTC continues to struggle without this level, it becomes an increasingly $ 80,000 support zone. The lower level of this level can lead to a deeper correction, which may lead to BTC to the demand area from 75 thousand dollars to 78 thousand dollars.
Currently, Bitcoin remains in the stage of unifying less than the main moving averages, and the lack of axiomatic momentum raises concerns about more negative risks. Traders and investors will closely monitor whether BTC can restore the lost land or if it continues to sell, the pressure pressure will push prices towards lower levels. The next few days will be decisive in determining the path of bitcoin in the short term.
Distinctive image from Dall-E, the tradingView graph
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