BTC It fights at 117 thousand dollars and the closing of underneath may have unpleasant consequences at the weekend. Moreover, after the US stock exchanges are closed (at the latest) Putin and Trump are waiting to see the details of their talks. One of the things that will determine the direction will be the tone of the explanations after the meeting. What are the latest assessments of analysts?
The reason for the fall of Bitcoin
On-Chain Signs are the results of the news flow on investors. In other words, the decline does not start with a triggering of a on-sein signal, and we see who moves the price as in the graph that we will examine below. The direction has already been shaped due to many reasons.
According to the 21stcapital report, On-Chain data reminds us of who is triggered by the hands of July and the obvious risk of current state.
“Despite the recent fluctuations, the real signal is that long -term investors have stopped the intensive sales that they started at the beginning of July. The last wave rising up to 121,000 dollars is particularly remarkable considering the important sales pressure of long -term investors during July. He created a permanent surplus surplus that caused many sharp retreats to Air GAP underneath.
However, this followed a decisive change in demand power. Instead of collapse under the weight of the distribution, buyers gradually absorbed sales pressure and ultimately gained momentum and increased the price to over $ 121,000. This movement confirms that the market successfully digested the old Coin sales wall and that this is a necessary step for a sustainable rise. ”
Today, there is an environment in which the appetite of buyers who meet the sale while the sales motivation of long -term investors continues. The reason for this is expected to trigger High PPI in subsequent reports. PCECPI rise. Therefore, the delay of interest reduction or the potential to start very slowly. The test, where we will see the power of the buyers, continues at the time of preparing the article. If the level of $ 117 thousand can be kept, this is good news.
Solana (left)
Left coin It fell to $ 185 and could not keep the level it should be protected at $ 189. BTC The sudden decrease in the price and the sagging of ETH below $ 4,500 negatively affected the general risk appetite. If the Pie was not so bad, we could have been talking about completely different things for the weekend. Maybe we hear from Trump at the end of the day. Russia says convincing things that the war will end, and Russia relieves these risk markets if it gives hope for the environment that will make it easier for oil.
“Solanadaily closure in the current movement, the last fluctuating summit could not exceed $ 205. Watch if there is a leap from the 20 -day EMA (Yellow Line) and $ 180 rise trend line (arrow shown). I think the limit offers seem interesting here. “
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.
