bitcoin is quoted above the key demand levels, but continues to face resistance when breaking into unknown territory. After establishing a new historical maximum of $ 109,300 on Monday, the price has fought to push higher, leaving uncertain merchants and investors on their next movement. Despite the current indecision of the market, btc is still strong above critical support, indicating the potential for greater rise.
Axel Adler encryption expert has provided key information, suggesting that btc can be at an attractive level from an investment perspective. Based on historical data, Adler emphasizes that the current bitcoin prices aline with the patterns observed during previous bull cycles, where strong support near all time of all time often preceded significant manifestations. This has reinforced optimism among long -term investors who see current consolidation as a possible purchase opportunity.
However, the inability of btc to break decisively above its ATH has left the market suspended, since merchants expect the confirmation of the next trend. A sustained impulse above $ 109,300 could cause a new bullish phase and bring btc to the discovery of prices, while not maintaining key demand levels could lead to additional consolidation or even short -term correction. The next few days will be fundamental for bitcoin, since the market seeks clarity in its next direction.
bitcoin enters a key phase
bitcoin is entering a critical phase, since he approaches the final stage of the 4 -year -old bullish cycle, a period historically marked by greater speculation and substantial price increases. With investors and analysts who anticipate a significant movement in the coming months, many begin to establish ambitious price objectives for cryptocurrency. This phase is characterized by a growing interest, market impulse and a bItcoin's ability to challenge macroeconomic challenges.
The famous cryptographic analyst Axel Adler has shed light on bitcoin's potential using the destroyed cumulative value model (CVDD). According to Adler, the CVDD model suggests a conservative target price of $ 153.2K, based on a 5x multiplier. This metric, derived from historical data, indicates the current price levels of bitcoin as potentially attractive for long -term investors. The CVDD model has historically been a reliable indicator, offering information on bitcoin's assessment in relation to its past performance.
However, Adler warns that this and similar models do not take into account macroeconomic and external political risks. Events such as Covid pandemic or mining prohibition in China have previously interrupted bitcoin's trajectory, demonstrating the unpredictable nature of the market. While bitcoin has historically shown resilience and a notable capacity to recover from setbacks, it is crucial to remember that past performance does not guarantee future results.
As bitcoin continues to consolidate near its historical maximums, market attention remains if it can maintain its upward impulse. If the CVDD model predictions are aligned with real performance, the next months could see that bitcoin reaches unprecedented levels. However, investors must remain aware of external risks and market volatility while navigating this fundamental stage in the bitcoin cycle.
btc Price Action points out the long -term strength
bitcoin has experienced significant volatility after the inauguration day on Monday, showing the uncertain but active market feeling. After labeling a new historical maximum of $ 109,300, btc saw a fast setback, testing the critical level of $ 100,000 in a matter of hours. This acute fluctuation highlights the strip and loosen in progress between bulls and bears, since the market seeks a clearer direction.
In a long -term term, bitcoin's price action remains optimistic, and new consistent maximums are established since the end of November 2024. This constant ascending trend underlines the strength of the btc bunder impulse, even in the midst of greater volatility and market uncertainty. Investors are still optimistic about bitcoin's potential for higher profits, backed by their solid performance in recent months.
However, for btc to confirm its bullish phase and indicate the continuation of the rally, it must be broken decisively above its maximum of all time and maintain the break. A successful movement above $ 109,300 would probably attract a new purchase interest and reaffirm confidence among market participants, paving the way for btc to enter the price discovery and establish new records.
Not recovering ATH could lead to greater consolidation around key levels, keeping the market in suspense. The next few days will be crucial since btc navigates this fundamental phase in its current upward cycle.
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