NEWSLETTER
bitcoin remains above the crucial level of $ 95,700, a key demand zone that bears have failed repeatedly. This level has provided strong support, avoiding greater inconvenience despite the continuous uncertainty in the market. However, the feeling of investors is beginning to change as frustration grows on the slow bitcoin movement. Many expected a softer bull race, but btc continues to consolidate within a narrow range below the $ 100K brand.
Market fatigue is evident since both bulls and bears struggle to gain control, which leads to less volatility. Meanwhile, Cryptoquant's fresh data reveal that the estimated leverage relationship of bitcoin's futures has demonstrated only a small change. This suggests that the futures market is stabilizing, with a lower risk of forced settlements. When leverage is still low, the market tends to experience less extreme price changes, reducing the probability of acute liquidations that often cause fallen or fast price peaks.
While bitcoin's long -term perspective remains optimistic, short -term price action continues to prove the patience of investors. The next few days will be crucial to determine whether btc can claim key levels of resistance or if another sales pressure wave will challenge the current support zone.
bitcoin remains strong as the market stabilizes
bitcoin has remained resistant despite the recent Bybit Hack, where the exchange lost more than $ 1.4 billion in eth to the attackers. The news caused fear throughout the market, which led to a price drop, but btc managed to stand firm above the $ 95K support. This crucial level has acted as a strong demand zone, preventing the bears from driving the lowest prices. Although bitcoin has not yet recovered the $ 100K mark, its ability to maintain key levels suggests that a possible recovery rally could be on the horizon.
Main analyst <a target="_blank" href="https://x.com/AxelAdlerJr/status/1893937324100145483″ target=”_blank” rel=”noopener nofollow”>Axel Adler shared crucial data on xrevealing that the estimated leverage relationship of bitcoin's futures is showing only a small change. This indicates that the futures market is stabilizing, reducing the probability of mass liquidations. A high leverage relationship often indicates excessive risk taking, which leads to forced liquidations that trigger strong price movements. However, the current trend suggests a decrease in volatility, and operators reduce their exposure to prices swing based on leverage.
This development is critical because it reflects a more controlled commercial environment. A lower risk of overheating means that btc could see a more sustainable bullish trend instead of extreme price fluctuations. Historically, the main manifestations of bitcoin have often followed periods of stabilization of the futures market, since reduced leverage allows organic demand to raise prices.
With btc keeping above the key demand and the futures market that show equilibrium signs, the following movement could be significant. If the Bulls demand the level of $ 98k and exceed $ 100K, you could follow an aggressive rally. However, the lack of maintenance of more than $ 95K could open the door so that the bears re -test the lowest demand levels around $ 90K. The next few days will be crucial to determine if btc is divided into new maximums or continues to consolidate within its current range.
Price test liquidity around $ 95k
bitcoin is quoted at $ 95,700 after a Russian mountain on Friday that saw btc reach up to $ 99,500 before falling to $ 94,800 after Bybit Hack News. The sudden sale of the sale of panic throughout the market, but bitcoin managed to keep above the critical demand at the level of $ 95K, avoiding a greater disadvantage.
Now, the Bulls face a crucial test, holding this support area for the weekend and generate impulse to push btc above $ 98K. Claiming this level would prepare the stage for another attempt to break the $ 100K psychological barrier, which has remained a great resistance for weeks. If btc confirms a break above $ 98k and is maintained, a rally could be followed at new maximums.
On the other hand, if bitcoin does not maintain support above $ 95K, the market could see a higher sales pressure. A fall below this level would probably send btc to lower demand areas, being $ 90K the next level of main support. Investors are now observing closely, since next week it will be essential to determine bitcoin's short -term management. A decisive movement in any direction could establish the tone for the next phase of the btc price action.
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