Bitcoin has traded in a narrow range from 107,500 to USD 109,600 from the last Friday, and the volatility dried when Bulls and Bears are fighting for control. This type of price compression is usually preceded by significant traffic, and traders carefully observe a breakthrough. Some analysts believe that Bitcoin is preparing to cross its highest time nearly USD 112,000, driven by mighty bases and persistent demand. However, others remain careful and expect more consolidation before the appearance of a clear trend.
Data in the Cryptoquant chain show that long -term owners (LTH) are currently sitting with an average unrealized profit of 215% above their basics. Historically, when these investors achieve over 300% of profits, they begin to gradually spread their resources to the market. This places BTC in the zone of systematic profits, not quite euphoria, but with a growing risk of changing behavior.
Regardless of whether the next move is a breakthrough or failure, pressure is built. Bitcoin resistance above $ 107,000 still attracts a stubborn attention, but only a mighty push over the range will confirm the shoot. Until then, market participants remain on the edge, waiting for Bitcoin to choose a direction that can define the coming weeks.
Long -term owners reach the critical zone: Bitcoin Tests Patience
The last Bitcoin price price has frustrated many investors, because the market is still drifting aside at low variability. After weeks of trade in a narrow range, market participants begin to lose patience. The extended consolidation is a risk of decline if the momentum does not return soon. Despite this, a wider macroeconomic background remains beneficial. The US stock market has recently reached recent highest levels of all time, and geopolitical tensions have softened, which is suggested by the environment supporting risk assets such as Bitcoin in the coming months.
Best analyst Axel Adler has released The observations indicating a key signal to the chain-dusking holders (LTH) are currently sitting with an average unrealized profit of 215% above their bases. Historically, when this record exceeds 300%, it means a level at which experienced owners begin to spread the coins in strength. At 215%, the market is in the “ordered” zone-not euphoric, but the upcoming levels that historically led to increased sales pressure.
This chain signal suggests that although a breakthrough remains possible, the add -on can be narrow, unless a recent demand appears. If the rally does not expand soon, there is a growing risk that long -term owners may begin to relieve positions prematurely. This dynamics creates a exquisite balance – bulls must lithe up the rush to attract recent capital, otherwise risk the supply supply. For now, all eyes remain at USD 112,000 as a key level that can define another crucial Bitcoin movement.
BTC is stuck below the resistance
Bitcoin remains closely related to 107,500 to 109,600 USD, and the variability still compresses when the bulls try to exceed the price above resistance. As shown on an 8-hour chart, BTC has repeatedly tested the USD 109 300 zone without managing a decisive breakthrough, suggesting mighty sales pressure at this level. On the other hand, the average movable 50-, 100 and 200-200 (SMA) each $ 107,489, USD 106,572 and USD 105,448 still act as lively support levels.
The volume remains muted, signaling the lack of conviction of both bulls and bears. The longer BTC remains in this strict range, the more violent the final breakthrough may be. The price currently floats above all the main SMA, which is usually stubbornly a signal, and each decrease towards the zone USD 107,000 has been supported by buyers.
If the buyers manage to recover 109,300 USD confirming the volume, Bitcoin can quickly visit the highest level near USD 112,000 again. However, the lack of maintenance above average traffic can send BTC down to receive 103,600 USD again – a key level of support from the end of June. In general, the Bitcoin structure suggests that a significant movement is coming, but directionality will depend on whether the bulls can break the resistance or the bears regain the shoot.
Recommended photo from Dall-E, Tradingview chart
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