A reason for trust
A strict editorial policy that focuses on accuracy, meaning and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reports and publication
A strict editorial policy that focuses on accuracy, meaning and impartiality
The price of a lion football and players are cushioned. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
Bitcoin is still trying to recover a compact -term stubborn shoot, as his price action shows in the last 24 hours. After They will slip briefly below $ 104,500The cryptocurrency returned to trade above USD 106,000 and Technical analysis now shows A technical formation that can start a more prolonged rally.
Interestingly, as you can see at Daily Ichimoku Chart made available by the Titan analyst from Crypto, Bitcoin is currently on the verge of confirmation of the Golden Cross, which is stubbornly a signal, on the coming days.
Ichimoku cloud builds a case of a stubborn breakthrough
Taking the Social Media platform X, Crypto Titan of Crypto analyst emphasized the recent daily closing of the price Above the Tenkan line as a powerful technical signal for bitcoins. Tenkan, also known as a conversion line, is an intriguing indicator of the compact -term trend force in Ichimoku analysis. According to the analyst, the current configuration of the daily Bitcoin table shows conditions leveling to the Golden Cross, in which the compact -term average ahead of the long -term, which is a potential long -term stubborn change. This crossover, if confirmed, would be one of the most reliable patterns of reversing trends in technical trade.
Currently, the Bitcoin price campaign consolidates around USD 105,000. However, if this gold cross is playing well, Bitcoin may try the next gear towards the key resistance level of around $ 111,600. However, the current geopolitical instability, especially growing tensions in the Middle East, It can disturb this technical picture at any time and cause a re -assessment of the stubborn perspectives.
Support and a whale of the Start from stubborn configuration
Despite the stubborn technical background, other market signals are flashing for bitcoins. In particular, Ali Martinez analyst 104 124 USD as identified as An vital level of support for bitcoins. This price point is not only arbitrary because it is a high concentration of the price of completed UTXO.
Many investors have bought at this level, and if Bitcoin drops below, the next likely destination can be USD 97,405. The URPD chart confirms that the safety network from 104,000 to 97,000 USD is a bit slim. This means that after violation of USD 104,000 to the minus, Speedy and steep correction can occur Due to the lack of powerful interest in buying this gap.
Further complicating the image is to preserve huge Bitcoin owners. Data on the chain show that some of the largest whales, addresses containing over 1000 BTC, have begun to reduce their shares in recent days. This decrease in the number of whale portfolios initially began shortly after Bitcoin reached a up-to-date highest level of all time in the amount of USD 111,800 on May 22. Reducing the number of whales was again resumed after Bitcoin Rejected in the region $ 110,000 At the beginning of last week.
Therefore, whale addresses containing over 1000 BTC fell from the recent peak of 2114 until a recent reading of 2,094 addresses. At the time of writing, Bitcoin trades for USD 105 505.
A distinguished picture from Unsplash, TradingView chart
