NEWSLETTER
bitcoin is in a crucial moment, with bulls struggling to recover prices above $ 85K and the bears cannot push btc below $ 80K. This indecision in the market has led to a growing bearish feeling, since many investors speculate if the bull cycle is coming to an end.
The macroeconomic uncertainty and the erratic decisions of the president of the United States, Trump, continue to feed market volatility, creating aggressive price changes in cryptographic and American values markets. Investors are now looking for key technical signals to determine the next bitcoin movement.
According to Cryptoquant's latest ideas, the bitcoin Utxo Block P/L count/L counting relationship is currently at 50.2. This metric measures how many recent btc transactions are occurring with profits versus a loss, providing information about market feeling and potential reversions.
With btc caught in a narrow range, the market is at a time of doing or broken. If the Bulls claim the impulse and push bitcoin above $ 85k- $ 90K, could follow a strong recovery rally. However, if btc falls below $ 80K, it could indicate more downwards, confirming the worst fears of bass investors.
bitcoin Faces Continue Correction
bitcoin's descending trend deepened after losing the level of $ 100K, with a bold trend confirmed once btc fell below $ 90K. Since it reached its historical maximum of $ 109K in January, bitcoin has plunged more than 29%, and the market does not show clear signs of recovery.
The continuous commercial war tensions between the US and the main global economies, including Europe, China and Canada, have added to the uncertainty of investors. Macroeconomic instability, narrow monetary policies and growing inflation concerns have performed risk assets, including cryptography and more volatile actions.
In the midst of this backdrop, superior analyst <a target="_blank" href="https://x.com/AxelAdlerJr/status/1901855997645210055″ target=”_blank” rel=”noopener nofollow”>Axel Adler shared ideas about xhighlighting that the P/L counting model P/L of bitcoin UTXO is currently at 50.2. This metric evaluates how many recent bitcoin transactions are occurring with profits versus a loss, offering key information about market feeling and potential reversions.
Adler said that if this metric falls only 30 points, it would reach historical levels where the previous cycle corrections ended. This includes the correction of July 2021 after the mining prohibition of China, which marked the end of an important lower trend before btc recovered sharply.
With bitcoin floating between $ 80k and $ 85k, investors are looking for signs of capitulation or accumulation, which could determine the next important movement in the market.
btc Price fight between $ 85k and $ 82k
bitcoin is quoted between $ 85k and $ 82K, without a clear address for the next few days. The price action remains uncertain, since the bulls fight to recover impulse, while the bears fail to push btc below $ 80K.
A key concern for merchants is that btc is quoted below the mobile average (MA) of 200 days to $ 84,200, a critical level that often dictates market trends. If bitcoin cannot claim this level, the following downward objective could be less than $ 80K, potentially testing important demand areas of around $ 78k- $ 75K.
However, bulls still have the opportunity to intervene and avoid greater disadvantage. If btc claims the range of $ 85k- $ 86k, this could trigger a recovery rally, playing $ 90k again. A decisive rupture above $ 90K would indicate a renewed force and a possible reversal of the trend, changing the feeling towards the upward territory.
For now, the market remains in a consolidation phase, with merchants looking for a break in any direction. A failure to recover $ 85K could reinforce the bearish pressure, while breaking the key resistance levels could pave the way for a stronger bitcoin recovery.
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