NEWSLETTER
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bitcoin is quoted below the $ 100K brand after supporting a volatile and turbulent week. The cryptocurrency faced an extreme sales pressure last Sunday, falling more than 9% in less than 24 hours. Although bitcoin achieved a slight recovery on Monday, the sales pressure has persisted, leaving the market in a state of uncertainty.
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Key metrics shared by Axel Adler in x Shed Light about the current state of bitcoin's price action. According to Adler, the short -term bitcoin MVRV indicator (STH) has decreased from $ 98K and a value of 1.35 to average levels. This fall suggests that short -term holders have actively taking profits during this period of greater volatility.
The STHRV STHRV is a critical indicator to evaluate market feeling among short -term participants. Historically, values greater than 1.30 – 1.35 indicate an overheated market, often leading to liquidations. The recent decrease in the indicator indicates that some short -term holders have left their positions, potentially marking the end of a superheated local phase.
As bitcoin is consolidated below $ 100K, market participants closely monitor the key levels of support and resistance, hoping to identify the next great movement in this unpredictable market environment. For now, the profits and volatility dominate the narrative.
bitcoin faces persistent sales pressure as short -term holding positions
bitcoin has been dealing with greater volatility and sales pressure since the beginning of February, a trend that has negatively affected Altcoins and Meme currencies, which leads to a bearish price action throughout the market. Analysts are increasingly asking for a correction, since bulls show signs of fatigue and price movements suggest that they could be on the horizon.
Cryptoquant's key ideas, shared by <a target="_blank" href="https://x.com/AxelAdlerJr/status/1888138897009336614″ target=”_blank” rel=”nofollow”>Axel Adler in xIt reveals an important change in market dynamics. The short -term bitcoin MVRV indicator (STH), a critical tool to measure the short -term holder behavior, has decreased from $ 98k and 1.35 to average levels. This fall indicates that short -term holders have had profits amid the recent market volatility.
Historically, an MVRV STH above 1.30 – 1.35 points out an overheated market, often preceding important victims. The current decrease in the indicator suggests that a part of the short -term holders has left their positions, relieving some pressure in the market. A return to the average levels generally marks the end of an overheated local phase.
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If the demand remains strong, bitcoin is likely to enter a phase of consolidation or lateral negotiation after this period of profits. However, a fall in the STHRV STHRV below 1.0 would point out the formation of a local fund, which potentially prepares the stage for a future rally. As the market navigates this period of uncertainty, monitoring these key metrics will be crucial to anticipate the next bitcoin movement.
Price has difficulty finding an address below $ 100K
bitcoin is quoted at $ 96,700 after several days of lateral movement within a strict range between $ 100,000 and $ 95,600. The price has not been able to establish a clear address, and the bulls lost control after not being able to have the $ 100K brand last Tuesday. This lack of impulse has created an atmosphere of uncertainty in the market, leaving merchants to the limit as bitcoin looms close to the key support levels.
The short -term perspective for bitcoin is still clear, since neither Bulls nor Bears have managed to take decisive control. If bitcoin does not remain above the critical support level of $ 95K, it could follow a deeper decrease in the $ 90K demand zone. Such movement would indicate greater sales pressure, potentially cushioning the feeling even more and extending the current consolidation phase.
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On the other hand, claiming the $ 100K level is crucial for bulls to recover control and drive the highest price. However, without a strong impulse above this psychological resistance, it is likely that bitcoin's price action remains broken and uncertain. Market participants are closely observing any sign of a break or breakdown, since the next movement could define bitcoin's trajectory in the coming weeks. For now, caution remains the predominant feeling.
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