The number of sellers from bitcoin to the minimum levels at the current levels – BTC time “to move to”
The direction of the price is in the short term of Bitcoin is uncertain, as analysts and investors are divided on whether BTC will achieve the highest new level ever (ATH) or low prices for low prices. The price has been held in a tight range over the past twelve days, as it exceeds 94 thousand dollars and less than 100 thousand dollars, with no bulls or bears capable of full control of the market.
This period of side trading has created speculation about a big, imminent step, as Bitcoin continues to integrate into these main levels. Cryptoquant data reveals that at the current levels, the number of sellers ready for sale has decreased in a minimum loss, an indication that the market participants keep BTC instead of selling panic. Historically, these conditions indicate that prices fluctuate on the horizon, where the supply remains narrow while the demand is expected to increase.
With the split of feelings between the process of penetration or deeper correction, traders closely watch the resistance of $ 100,000 and support 94 thousand dollars to determine the next big step. If BTC is paid up to a sign of $ 100,000, it may follow it in a price discovery. However, the collapse of less than 94 thousand dollars can lead to increased pressure.
Bitcoin measures suggest a big step
Bitcoin has been stagnant over the past two weeks, as it is trading in a narrow range ranging between 94 thousand dollars and 100 thousand dollars. However, positive expectations indicate that BTC is preparing for a tremendous transition to its highest level (ATH). Analysts speculate that this last monotheism is calm before the storm, which paves the way for the following main penetration.
Although the short -term uncertainty, Bitcoin is still structurally optimistic, maintains more than the main support levels and maintains its long -term orientation direction. While investors are divided on whether BTC will achieve higher or face another correction, data data on the series alludes to tightening the show.
Cryptoquant analyst Axel Adler Participate in an analysis on X This indicates that at the current levels, the number of sellers prepared for sale has decreased to a minimum. This indicates that holders refuse to separate from BTC, indicating confidence in the higher prices. Adler adds that at this stage, there is nothing that can only be waiting for the next movement of BTC – as collapse or collapse is imminent.
With the tightening of the market conditions and fluctuations expected to be returned soon, this week will be very important in determining the direction of Bitcoin in the short term. If BTC pays more than $ 100,000, a large rally may continue to discover prices. However, if less than $ 94,000 collapses, more sales pressure may appear.
BTC merges the highest main demand
Bitcoin is trading at $ 95,600, while maintaining a side direction for about two weeks, and fluctuates between 94 thousand dollars and 100 thousand dollars. This narrow range led to uncertainty, as bulls nor bears dominated the price.
The level of 95 thousand dollars remains a decisive support, as it was a major demand area as buyers have been constantly intervened to prevent more from the negative side. Keeping this level would indicate strength and create an opportunity for BTC to test the higher supply levels. However, the bulls face a great challenge, as they must restore 98 thousand dollars and eventually pay $ 100,000 to confirm the collapse at higher levels.
If BTC fails to break the resistance, the market may continue to try a fluctuating price movement, delaying the next main step. The collapse may lead to less than 95 thousand dollars to re -test the low demand areas, with a possible negative side of about 91 thousand dollars – 93 thousand dollars.
Traders monitor a decisive step in either direction, as the fluctuation is expected to return. The next few days will be crucial in determining whether BTC can restore the upscale momentum or if a deeper correction is on the horizon.
Distinctive image from Dall-E, the tradingView graph
