Bitcoinsince the beginning of the year with the harsh price movements continues to confuse investors. BTC, which has moved down since the record of the last ADH level in about 109 thousand dollars, has managed to exceed 88 thousand 500 dollars resistance and rose to $ 94 thousand. The acceleration of the rise is still alive, but there is a serious uncertainty about the direction in the market.
Whales and corporates took action
According to Glassnode data, especially over 10 thousand pieces BTC The wallets holding in recent days have made remarkable purchases. The accumulation rate at this level has not been seen since 2020. It is seen that big investors have started to trust the market again.
Wallets with BTC between a thousand and 10 thousand units continue to collect Bitcoin in a similar way. Not only individual, but also corporate investors have participated in this train. Spot Bitcoin ETFEntrances for their last trading day reached almost 1 billion dollars. This has been recorded as the highest daily entrance since November.
The strong entrances in a row on the last four trading day show that market participants have risen again. However, despite this optimism, the uncertainty about forward price movements causes investors to remain cautious.
Bitcoin Price Analysis and Comment
One of the most remarkable indicators on the market is that the Long/Short ratio is 0.9841. This ratio reveals that investors strongly turn to two -way positions. Long positionWhile the s remains 49.56 percent, Short positions have provided a slight advantage with 50.4 percent. The failure of this balance is considered another sign of the indecision in the market. Most of the investors have been divided into two as to whether they will break a break. Some think it is a harbinger of a correction while some expect a big leap.
Short -term technical data indicate that Bitcoin maintains its rising trend by creating rising bottoms and hills. However, the increase in fluctuating levels shows that the purchase volume increases and this is putting pressure on the price.
Stochastic Rsi It has reached the over -selling zone and can soon trigger a new rise movement. Macd On the side of the short term, a decrease in purchasing power and a possible decrease signal stands out. Although the price descends below the rising trend line, it can recover from this level and test the resistance of $ 96,000 again.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
