Bitcoin seems to have entered a serious consolidation process after the record levels reached in the first quarter of the year. The leading crypto currency, which saw the historical summit in January with $ 109,000, dangled twice below March on March. These harsh retreats have increased uncertainties in terms of the direction of the market, while creating a cautious atmosphere among investors. Especially in this process, which is expected by short -term investors, technical analysis came to the fore again.
Air Pocket region and danger of volatility in Bitcoin
Market data show that a “Air Pocket” between 70,000 and 80,000 dollars is effective. This region had been the scene of changing direction in a short time in the past. The fact that historically important price levels cannot be consolidated can lead to the re -testing of these regions. This is closely followed by experienced investors, especially in technical analysis.
According to the data of analysis companies, there are only 2 %of the total supply in this critical price range. This indicates that the price may experience sudden jumps or decreases in any purchase and sale print. Lack of liquidity in such areas where the market depth narrows means high risk for investors in a short time.
UTXO data: low supply, high effect
According to UTXO (unused transaction output) realized price distribution analysis, the majority of Bitcoin supply is located outside the critical levels. This analysis method offers the opportunity to evaluate potential sales prints by showing which price intervals of investors receive the Bitcoins. The latest data reveals that most of the investors are still profitable and that only a limited segment carries positions at the level of the price.
This can prepare the ground for the hardening of price movements. Because low intake-sale pressure at certain intervals allows the price to exceed these levels with sudden movements. Especially in the last landing under the $ 75,000 band, the market rapidly changes direction in narrow supply regions. Therefore, the behavior of investors at these levels may directly affect short -term pricing.
Short -term investors cautiously
Approximately 25 %of investors who have purchased Bitcoin in the last 155 days are still in harm. This ratio plays an important role in shaping short -term investor behaviors in the market. Investors who protect their lost positions are afraid of making new purchases; It can also turn to early profit sales in possible rise. This creates two -way pressure on the market.
The behavior of short -term investors can be decisive on the direction of the crypto currency market. Especially in times of increased volatility, this investor mass prices can quickly affect the prices down or upward. Analysts, therefore, emphasize that market participants should carefully monitor technical indicators and price consolidation levels.
Bitcoin prices are in search of direction after the record level. The short -term rise in the US elections after Donald Trump’s victory shows that the market still does not sit on a solid ground. Re -testing the important levels of technical levels indicates that harsh price movements may be experienced in the coming days.
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.
