Bitcoin, which is the leading position in the crypto currency market $103,918.75it has difficulty in finding its direction in recent days. The price fluctuates at the level of 103,700 dollars, especially in the last 24 hours is reported to have high volatility. Bitcoin’s price movements are shaped depending on global economic uncertainties and increasing geopolitical tensions.
Negative air among individual investors
According to a post on Thursday, the crypto money analysis company, the confidence of individual investors’ confidence in Bitcoin has decreased significantly. The company said that the ratio between optimistic and pessimistic comments has fallen to 1.03. This ratio has been recorded as the lowest level since the beginning of April.
Santiment: “This decline in the trust of individual investors is extraordinary violent. Similar situations accelerated the recovery of price in the past.”
Similarly in April, when the uneasiness of investors increased, it was seen that Bitcoin rise in a short time. According to centimeters, large investors can increase their purchases when individual investors withdraw from the market. This resulted in the recovery of the price in previous examples.
Market factors and technical developments
Another important reason for the fluctuation in the price of Bitcoin stands out as the US Central Bank’s decision to keep interest rates fixed. This decision led Bitcoin to be traded in a $ 100,000-110,000 in the last month. In addition, internal indicators reveal that the amount of open positions on the Binance platform is reduced and that investors reduce leverage use.
It has been observed that large investors or wallet owners, called ‘whale’, have continued to accumulate Bitcoin since 2023. This suggests that large players protect their long -term positions despite short -term uncertainties.
Technical Analysis Data and Latest Developments
According to technical data, Bitcoin’s price range in the last 24 hours took place between 102.411 and $ 106,552; This points to a change of about 4 %. Especially between 14:00 and 17:00, the harsh decline, the price went below $ 104,000 and a strong resistance of around $ 106,000.
In the range of 103,000 and $ 103,500, the price was consolidated. With the decrease in the volume of transaction in the last 8 hours of the analysis period, a temporary balance was established in the market. Later in the session, a V -type recovery took place, and the price showed a slight rise by creating the local base at $ 103,500.
Short -term indicators showed a partial recovery in Bitcoin as the session ended. However, the continuity of this recovery has not yet become clear. Most of the market players are still cautious.
Current fluctuations in the price of Bitcoin are shaped by investor confidence, global economy and technical indicators. While individual investors take a pessimistic attitude, it is claimed that large investors tend to accumulate. The US Federal Reserve’s interest policy, position changes in the derivative markets and sudden price movements in the market continue to affect the course of crypto currency. While the uncertainty of how market conditions will be shaped in the future, the monitoring of technical and psychological levels continues to be important for investors.
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.
