Dealers choose to stay instead of selling, customization instead of forests – $ 130 kc.
Crypto journalist
Anna Anason
Crypto journalist
Anna Anason
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Bitcoin (BTC) Exports (BTC) Currently, traders prefer to hold rather than sell, which correspond to accumulated levels in market cycles.
Daily bitcoin flows and outflows alone, the market is at a distance of 130 km, it can be clear that the 30-day moving average (SMA30) has been strongly negative in recent weeks.
This is more than the last 30 days, investors have made 130 km before $1325.
Bitcoin mvrv Rate CCRCLILE bottom part
In order to satisfy the downward flow generated by the stock cycle, the accumulation condition is adjusted from 365 days to 365 days below 365 days.
The tea market will go down from here to the bottom, and at the beginning of 2024, all local bottles and strong purchasing opportunities.
The suggestion of the current position is that the long-term holders of the long-term breakout have entered the overextended zone.
“This metric confirms that the recent sell-off flat covered cycle level that starts to turn upwards from current levels is ordered in support of Q4.
In support of this view, the mirror data, indicating the strong health of the mineral in the last three months, which indicates the strong health of the mineral (unusual for a year).
Bulls show signs of fatigue
However, Bitcoin's current price movement is showing some signs of weakness and fatigue from the bulls.
Bulls had two attempts to gain control on October 13 and October 20, but both failed.
Bitcoin went from $102k to $111K to $111K to $111K, but on October 21st at $107K.
This sudden slide has significantly reshaped the image of the exchange, and Bitcoin now shows the ability to separate hidden currencies.
Crypto analysis believes that planned cushion bulls are the most recent liquidity need to fill the CME gap.
Between $ 107,200 and $ 107,400, you can fill a lot before the opening of the US market.
According to him, “after that” he can waste bitcoin again, but I expect any major citizen. “
About $ 130 kg.
From a structural point of view, Sham Young, a head analyst at MEXC Research, said that the demand for Bitcoin entries seems to be more sustainable.
However, BTC is in a downward trend in several short-term frames and the local setup has to be broken again above $120,000.
“It should continue to hold the support chart above $110,000, $126,000, we can see the path to $136,000 if the market's growth is recycled.
On the technical front, the weekly Bitcoin (BTC/USD) chart is below the $108,350 level, which defines a key regional level that looks at the mid-level level.
The green 21-week moving average, which represents the short-term trend, has disappeared, which is immediately indicated by the candles.
The $108,000-$109,000 zone now serves as critical fluid, a weekly close in a week could trigger a deep pull to the next major support near $103,000.
On the contrary, if the reality holds this level and holds the 21-week MA, it can be resisted near $12300.
The upcoming weekly close of B.C.C. It will be important to determine whether the frame is stable or stable for another leg.
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