Crypto currency Bitcoin (BTC) $108,867.65There is a curious wait in the market while trading around the threshold of 110 thousand dollars. Famous In -Chain Analyst Willy Woodespite the rapid climbing in the price chart, warned that excessive optimism reached dangerous dimensions. According to Woo, many investors have already made a high profit and the collective “greed index” is pushing the critical threshold. Nevertheless, the presence of a strong buyer shows that even if there is a harsh correction, the middle-long term rise scenario has not yet been raised.
Although long -term trend is strong, profit purchases are close
Woo says that in -chain data indicates an area that can trigger profit sales up to 114 thousand dollars, depending on the average cost of investors. Although the price climbed from 75 thousand dollars to 110 thousand dollars, the horizontal course of the new capital flowing to Blockchain shows that the rally is predominantly fed with re -valuation. In other words, the price is rising, but the fresh money entry does not gain acceleration. The resulting table increases the likelihood of a wavy retreat in the short term.
Analyst, US marketsHe thinks that a scenario -like scenario -like scenario may arise if the buyer’s interest does not come back with his long weekend holiday. In such a scenario, the price can liquid the short positions by making a final move in the upward direction, but if this rise is not supported by volume, a harsh correction will not be surprising below 105 thousand dollars. Woo warned both the optimists and the cautious people at the same time, saying, “The rise is fragile, but not finished yet.”
Liquidity cycles now reshape Bitcoin’s behavior
Woo, traditional four -year block prize cycles are gradually decreasing, global liquidity cycles Bitcoin pricestressed that he directed more. The highest level of all times before the block award halfway strengthened the thesis “Bitcoin is now synchronized with macro beings”. Analyst who shared the same opinion Maui Jimthe classic “Summit in September, a year later” calendar to rely on the calendar, he added that it could be dangerous. Now the market matures, players are more sophisticated and price movements are more complex.
On the other hand, in -chain metrics show that new investor flow has recently connected to bed. If there is no significant increase in the liquidity front, it may be risky to expect persistence on the threshold of 110 thousand dollars. Analysts, especially corporate funds Spot Bitcoin ETFHe says that the entrances he directed to their ‘s should be monitored. It may be decisive in short -term direction determination whether the flow of capital flowing relatively calm will accelerate when Wall Street is opened.
Bitcoin is still trying to hold on the threshold of $ 110,000. During this attachment, the price proceeds in a thin line between profit sales pressure and the search for new buyers.
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.
