Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Preparing
For Its Next Major Market Surge
Here s How High
It Will Go
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Preparing For Its Next Major Market Surge Here s How
High It Will Go
by Godspower Owie
6 minutes ago
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News
0
Investors and traders hope about an impending massive price
rally for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is alive again as the digital asset experiences renewed
strength toward crucial resistance levels such as the coveted $100,000 mark.
Given the recent price upswing, BTC s short-term outlook looks promising
for significant gains.
A Big Move For Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin To New All-Time Highs Approaches
As Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin regains upbeat momentum, Micro2Macr0, a macroeconomist and
investor, has weighed in on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s trajectory, predicting that its
next significant move might be close. His forecast has sparked optimism within
the community about a possible rally to a new all-time high in the near term.
Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price Recovery To $150,000: Fibonacci Levels Show
What To Expect Next
The expert points to a critical support range and indicators that indicate an
imminent price breakout to higher levels. His bold prediction comes amid
heightened market anticipation about a deeper correction for BTC , suggesting
a swift rebound.
Presently, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has witnessed a notable recovery to the $99,000 threshold,
gradually aiming at the $100,000 level. Thus, the analyst expects Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin to
conclude the week in bullish territory if it can maintain between the $99,000
and $100,000 range over the next few days. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s bullish trajectory
hinges on the $99,000 and $100,000 range | Source: Micro2Macr0 on X
In the event that this happens, the $145,000 is the measured move for the next
significant rally. Meanwhile, Micro2Macr0 is confident that this substantial
thrust may occur in the following months, at the very most quarters.
With the $99,000 and $100,000 range being key for BTC s next major move
, investors and traders are keenly watching for market signals in order to
position themselves for the much-anticipated rally to a new all-time. This
demonstrates investors robust optimism and confidence in BTC s
long-term potential.
BTC Short-term Holders Offloading Their Holdings At A Rapid Rate
Even though BTC is gradually entering into bullish territory, a notable shift
has been cited among short-term holders. Axel Adler Jr, a macro researcher and
author reported that short-term investors are seizing the opportunity to sell
their Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin holdings at substantial profits.
Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Market Sees Strong Confidence Among Short-Term
Holders Amid Growing Prices
On-chain data shows that this sharp selling activity lingers around investors
who acquired BTC within the last few months following the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта s recent price surge to a new peak in December.
Specifically, this trend indicates profit-taking behavior, which is typical
during bull market phases .
Adler highlighted that active profit-taking by these investors may cause a
local correction and a price drop should demand slow down. Since selling coins
at a loss in a bull market is not always the best course of action, short-term
holders sales are likely to decline in the event of a price drop.
As a result, the market could stabilize at support levels, which are around
the $90,000 threshold. Despite heightened selling activity by STHs, long-term
holders continue to hold their positions, reflecting confidence in
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s future growth. BTC trading at $97,949 on the 1D chart |
Source: BTCUSDT on Tradingview.com
Featured image from Unsplash, chart from Tradingview.com