The analyst predicts up to 200 % of bitcoin, their long -term holders say “officially” in the BTC accumulation
A strategic encryption expert, who continues to follow the growth of bitcoin calls in time, believes that the BLL market in Bull has not yet ended despite the prevailing landmarks.
A 467,000 borrowed pseudonym on the social media platform X tells that he is closely monitoring the activities of the long -term term (LTHS) in BTC, which contains entities carrying metal currencies for at least 155 days.
According to Credible, there are signs that LTHS is now Devour The Crypto King after unloading BTC chimneys for several months.
“Three to four months have passed since the last post in the long -term Holder supplies, in which it showed that the long -term holders were clear from 68,000 to $ 110,000.
This distribution occurs almost almost during the rush rates, as their long -term holders sell pumps. This is normal/expected in the bull market. We can see that the sale continued strongly to $ 110,000, but then they started slowing (but continued) until March.
As of April, LTHS has officially started to accumulate BTC again.
Over the past seven months, long -term holders have been sold at Rip.
Now, they buy the decline. “
Because long -term holders benefit from market correction, reliable Secure Bitcoin is now preparing for a march that can send BTC to new high levels ever before ending its bull cycle.
“In something like BTC, it was the right time to buy a much lower spot. Certainly, we can go to the top of this cycle, but the bullish direction this cycle is relatively limited (and I mean 2-3x from the current IEVELS) if the upper part is not already present (I don’t think it is personally).
The best level of risk/bonus for Swing Longs (trade) on BTC in demand for the high time frame at $ 69,000 -74,000 dollars (which we may get or not get). ”
But in the short term, reliable Expected This bitcoin will provoke another leg before you witness another decrease.
“Liquidity is taken from the upward trend and approaches the first field of interest at $ 86,000+”
At the time of this report, Bitcoin is traded for $ 87377.
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