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Bitcoin (BTCThe price procedure remains focused on critical levels, as it works 92,000 dollars as a necessary case for upward momentum and 70,000 dollars emerging as a major support zone, according to a hadith. Glass a report.
The report highlights that the price and data structure on the chain indicates a strong meeting at these levels, which constitutes the wider market expectations. also She evaluated the recent procedures for Bitcoin and highlighted three important features.
The initial penetration of $ 70,000 in November 2024 represents the beginning of an aggressive upward trend, followed by a rapid increase in more than $ 80,000, which enhances the upscale feelings. The market has since entered a standardization phase, with the minimum range of this range by about $ 90,000.
The importance of the basis of the cost sth
In this scene, the basis for the cost of a short -term holder (STH) provides a framework for understanding these price movements and its importance.
Historically, the basis of the STH cost was a major reference point during the bull market trends. The Sigma range accounts of this scale determined a local trading range, with the upper range reached $ 130,000, the average level at $ 92,000, and the bottom range at $ 71,000.
As of the time of the press, the instant price of Bitcoin is 89,208.77 dollars, where the medium level and the bottom recognition of the Sigma range are traded at the STH cost. This indicates a Bitcoin testing stage to keep critical support levels higher.
Meanwhile, the active active price provides an additional insight into the investor’s location. This scale is estimated at the basis of the cost of active participants in the market and works as a major threshold between the conditions of the ups and the Saudi market.
At 70,000 dollars, the active price is in line with the minimum St. -cost basis, which enhances the importance of this support level. The report indicated that the collapse without this level can indicate twice the broader market.
Kind factors in the game
The report also indicated that the shrinkage of liquidity still affects the encryption markets. The continuous upward trend of the US dollar index (DXY) reflects the tightening of financial conditions, often leading to downward pressure on risk assets.
As a circulating origin around the clock throughout the week, Bitcoin was historically an early indication of liquidity attacks, quickly in response to total economic changes. During the weekend, the president Donald Trump The announcement of the strategic encryption reserves has briefly strengthened market morale.
the The proposed reserveIncluding BTC, ethereum (Eth), Solana (Teller), Cardano (Lead) And XrpIt led to a short -term march. However, concerns related to the proposal and constant geopolitical certainty caused the restoration of the assembly to pre -execution levels within one day.
Bitcoin’s recent fluctuations have increased fluctuations. Over the past two weeks, the fluctuations that have been achieved through multiple time tires have increased, with levels of registration fluctuations for two weeks and 2 weeks exceeding 80 %, representing some of the highest values that this course has noticed.
Hold or flee
The report highlighted the data on the series that defines how the investor’s status developed in response to this volatility.
UTXO (URPD) indicates that many Bitcoin holders have got more than $ 90,000. Initial sales have paid less than $ 86,000, and an area with a limited prior trading activity.
Between February 26 and March 3, about 150,000 BTC (0.76 % of the circulating offer) was dealt with within this “air” area.
With the price attempt to recover, the market tests whether investors who have entered more than $ 90,000 will use this gathering to go out or continue to keep despite unreasonable losses.
