Bitcoin 
$108,926.68 price He hasn’t exceeded the threshold of 112 thousand dollars for two months, but the possibility of renewing a record within the next seven days is on the table. Blockchain Analysis Company Cryptoquant Analyst Axel Adler Jr.He reported that a recurrent model in Bitcoin took action again. Adler added that it has been 47 days since the last summit and that there is no decrease greater than 20 percent support. Historically, the largest crypto currency was the calm in 2013, 2017 and 2021 has opened the door to new summits in a few weeks.
Bitcoin can refresh the record within 7 days
Axel Adler Jr. according to bull loopsWhen the price gets distracted for 50 days without a significant retreat, the receiving pressure increases rapidly. Today is the 47th day and Blockchain Data BitcoinIt reveals that long -term wallets do not sell snow. While the sales volume remains dull, the open positions in the futures transactions are increasing rapidly. This means that the request is supported by the leverage.
In the previous cycles, the last peaks were easily exceeded in the fourth attack after three unsuccessful attempts. Adler, unless there is a decrease in a similar scenario over 20 percent, the last summit, the breaking of 112 thousand dollars is more likely to break, he said. The acceleration of corporate purchases rather than the rest of the upward expectation alive.
The weakened dollar index supports record expectations
Cryptoquant Analyst Darkfost The US Dollar Index (DXY) fell below the 365 -day average of the historically Bitcoin. REMEMBER. Because as the dollar weakens, the risk appetite of investors increases and the liquidity entry into the crypto currency market accelerates. The current decline stretching technical resistance by facilitating the clinging of Bitcoin around the historical summit.
Bitcoin is trading around 108 thousand 769 dollars as of the moment and rose slightly in the last 24 hours. If the decrease in DXY continues, the liquidity balance may process the expected new record by processing in favor of Bitcoin. Blockchain This table, which is integrated with the supply jam, reinforces the likelihood of reaching a new record level by refreshing the record within a few 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.
