Bitcoin increased to USD 107,000 on Sunday, after which they quickly recover, shaking investors’ trust and triggering fresh variability on the market. The transfer, which many hoped, will lead to a pure breakthrough in the discovery of prices, instead strengthened the current range of consolidation from 100,000. Up to USD 105,000. Analysts remain divided – some perceive this as a hearty pause against greater pressure, while others warn about a deeper correction if BTC loses the support of 100,000 USD.

When the market is digging this withdrawal, the data on the chain adds an critical layer to history. According to Cryptoquant, the supply owned by long -term owners (defined as BTC wallets from 18 months to 3 years) has fallen by over 2 million BTC since November 2023. This massive distribution wave suggests that long -term participants gradually accept profits when prices increased to fresh peaks. Although this does not guarantee failures, it emphasizes the need for sturdy demand on the part of fresh participants, such as institutions, to absorb sales pressure.

Because the price connecting above $ 100,000 and the main resistance near ATH, another decisive move can give the tons of Bitcoin trajectory for the summer.

Long -term owners go back when Bitcoin fights for the rush

Bitcoin is now at the Make-Or Break level, because Bulls strive to defend the key support zone worth $ 100,000. After a Sunday unsuccessful breakthrough in the amount of USD 107,000, the price went back to the known territory, frustrating investors who expected to go to the discovery of prices. While some perceive this as a normal consolidation before the next leg, others are afraid that a deeper revival may occur if BTC loses a floor worth 100,000 USD.

The market is in the face of a clear resistance from USD 105,000 to the highest level near USD 109,000 smoothness, which can cause an aggressive purchase if it is broken. However, the recent rejection suggests that sellers still have an impact on higher levels, and miniature -term variability may augment when the tug of war and bears intensifies.

Adding to this uncertainty is the owner’s long -term behavior. Analyst Axel Adler revealed It was from November 2023 that BTC portfolios from 18 months to 3 years have discharged over 2 million BTC – worth around $ 138 billion. This massive distribution wave probably fueled a significant part of the last rally, but also raises concerns. Adler notes that this group still has about 500,000 BTC, which could be sold at the end of this year, potentially adding pressure in moments of weakness.

While institutional demand may consume part of this future supply, and the corporate sector showed renovated interest, the wider market must remain careful. As the prices are consolidated, the mood of investors hangs in balance. Whether Bulls regain higher levels or a deeper amendment will depend on how Bitcoin reacts to the current test of extreme conditions of USD 100,000.

Details of the price: Bulls is trying to recover the momentum

Bitcoin shows signs of renewed strength because it trades at 105 389 USD, trying to break the latest resistance near the zone of 106 thousand. USD – 107 thousand USD. This level was narrow by previous rallies, and recovery signals a stubborn continuation towards the ups of all time. The price successfully defended psychological support worth $ 100,000, which currently operates as a sturdy demand zone, strengthened by 200-day Sure, currently around 92,994 USD and 200-day EMA nearly USD 88,664.

The volume seems slightly narrowing compared to growth at the beginning of this month, which suggests some hesitation among bulls. However, the structure remains intact: a sturdy breakthrough from April, Lows created a steep and well -defined upward growth. Consolidation just below resistance can form a stubborn flag if the ceiling $ 107,000 is broken with sturdy volume.

A failed attempt to maintain above USD 103,600 can invite another 100,000 supplementation in which bulls must hold the line to prevent a deeper departure. On the other hand, settlement of 107 thousand USD opens the path to 109 thousand. USD and to discover the price. Closing this week will be critical – a sturdy candle above $ 106,000 can give the tone of another macro leg.

Recommended photo from Dall-E, Tradingview chart

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