NEWSLETTER
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bitcoin's short -term price direction remains uncertain as the market struggles to confirm its next movement. Analysts and investors are divided, and some ask for a break in the new historical maximums, while others anticipate the sales pressure renewed in lower prices. The price has consolidated in a narrow range during the last twelve days, staying above the demand level of $ 94,000 and facing resistance below the $ 100,000 brand.
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Cryptoquant's key data reveal that the closest support zone for btc is forming between $ 91,000 and $ 95,000. This range is reinforced by two critical technical indicators: the simple mobile average of 111 days (SMA 111D), currently at $ 95,000, and the short -term price (STH) obtained the price, which is at $ 91,000. These levels suggest that btc is quoting above historically significant support areas, where short -term holders have account for their profits or losses.
While the long -term structure remains optimistic, investors are increasingly impatient since btc cannot claim key levels of resistance. If bitcoin can exceed $ 100K in the next few days, analysts expect a rally in the discovery of prices. However, losing support around $ 94k– $ 95k could cause greater sales pressure and deeper correction in lower demand areas.
bitcoin prepares for a decisive movement
The recent bitcoin consolidation phase has fed speculation about a possible break, and many analysts suggest that the market is the calm before the storm. Although short -term direction remains uncertain, the long -term bullish structure remains intact, and many expect btc to make a strong movement towards the new maximums of all time soon.
crypto Analyst Axel Adler Shared Key <a target="_blank" href="https://x.com/AxelAdlerJr/status/1891767005637697937″ target=”_blank” rel=”nofollow”>Cryptocant data in xhighlighting that the closest bitcoin support zone is forming around $ 91,000, $ 95,000. This rank is significant because it is aligned with the simple mobile average of 111 days (SMA 111d) to $ 95,000 and the short -term price (STH) made at $ 91,000. These levels represent areas where short -term holders have historically made profits or losses, making them crucial to maintain a bullish impulse.
On the resistance side, Adler points out that bitcoin faces a key supply zone between $ 98,000 and $ 101,000. This area is defined by the aggregate departure prices of the holders with a period of one week to $ 100,800 and those with a period of possession of one to three months to $ 98,200.
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As btc continues to trade within this narrow range, investors are closely observing these levels for a decisive rupture. A thrust above $ 101k could trigger a rally in the discovery of prices. While losing support for $ 91k could lead to greater inconvenience.
btc Bulls face a great test
bitcoin is quoted at $ 95,600 after almost two weeks of lateral movement within a narrow range, fluctuating less than 4% in any direction. This extended consolidation period has left merchants to the limit, since they expect a decisive movement in any direction.
For btc to maintain its upward structure, the level of $ 95,000 must be maintained. This price is aligned with technical support, and a break underneath could indicate a strong sales pressure. Bulls face a critical test at this stage, since they must defend this support and start a thrust above key resistance levels.
To confirm a break, bitcoin needs to claim the $ 98,000 mark and, ultimately, the psychologically significant level of $ 100,000. A successful movement above these levels would provide the necessary impulse to challenge the maximum of all time and re -enter the price discovery. However, the lack of retention of $ 95k could trigger a downward movement, with btc potentially testing support areas closer to $ 91k.
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As bitcoin consolidates, merchants remain cautious, observing volume peaks and greater purchase pressure to confirm the next price movement. The next few days will be crucial to determine whether btc resumes their upward trend or faces greater correction.
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