NEWSLETTER
bitcoin is struggling to claim key levels of resistance, since macroeconomic uncertainty and commercial war fears continue to affect both cryptography and actions in the United States, the leading cryptocurrency has lost more than 29% of its value since January, and the bearish trend still does not show clear signs of reversion. As bitcoin fights under key levels, investors question whether the bull cycle is over or if the market is preparing an important return.
Despite the negative feeling, chain metrics suggest that the demand for btc and eth is still strong. Cryptocant data reveals that the current propagation between the exchange entry of all the stable in the ethereum Network and the entrance of btc + eth (sales pressure) exceeds all the previous peaks in the demand for currencies. Historically, such trends have marked key accumulation zones before price recoveries. In particular, the greatest demand for btc and eth was recorded near the historical maximum (ATH) of bitcoin at $ 101k.
While uncertainty persists, this signal in the chain suggests that accumulation can be underway, giving bitcoin the potential to stabilize and recover higher price levels. The next few days will be fundamental to determine whether bulls can recover control or if there are more decreases in the horizon.
bitcoin in the territory of the bears market, but the demand indicates a potential recovery
bitcoin has officially entered the territory of the Bear market, with many analysts that predict a deeper correction as fear spreads in global financial markets. The erratic policies of the president of the United States Trump, including rates and foreign trade decisions, have contributed to economic instability, with growing speculation about a possible recession. These factors have shaken both the crypto and capital markets, which has led to a continuous decrease in the price of bitcoin.
However, not all analysts agree that the bull cycle is over. Some argue that despite the correction, there is a strong demand for btc and eth. The superior analyst Axel Adler <a target="_blank" href="https://x.com/AxelAdlerJr/status/1902227259408175317″ target=”_blank” rel=”noopener nofollow”>Shared ideas about xrevealing that the current propagation between the exchange entry of all the stable in the ethereum Network and the entrance of btc + eth (sales pressure) exceeds all the previous peaks in the demand for currencies. Historically, similar trends have marked key accumulation zones before the main price recoveries.
Adler stressed that btc + eth's greatest demand was recorded near the maximum of all bitcoin (AT) at $ 101k. In addition, metric peaks, marked by green circles, indicate active accumulation periods in the market. From now on, the propagation remains above all the previous peaks and is in a standard deviation of the annual average levels.
Since September 2023, bitcoin has shown sustained growth in demand, reflected in the metric rank curve, which has a slope of approximately 45 degrees. If this trend is maintained, bitcoin can be reaching the end of its correction, preparing the stage for a potential recovery in the coming months.
Price struggles below key levels as bulls feel the pressure
bitcoin is currently quoted at $ 83,500 after losing the 200 -day mobile average (MA) around $ 84,300. The ongoing battle between bulls and bears remains intense, with btc struggling to claim key levels of resistance. For a recovery to take shape, bitcoin must exceed the level of $ 86,000 strongly, confirming a change at the time. This would open the door for a potential reestima of the $ 90K brand, which remains a psychological and critical technical resistance.
However, the lack of claim of $ 86K in the next sessions could mean problems for bulls. If btc continues to fight below this level, a fall below the $ 80K support zone becomes increasingly likely. A break below this level could trigger a deeper correction, which can take btc to the demand zone of $ 75K- $ 78K.
For now, bitcoin remains in a consolidation phase below key mobile averages, and the lack of bullish impulse raises concerns about higher downward risk. The merchants and investors will monitor closely if btc can recover the lost land or if the continuous sales pressure will take prices to lower levels. The next few days will be crucial to determine bitcoin's short -term trajectory.
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