Bitcoin trads below the $ 100,000 sign after a week of the upper queue, marked with intensive variability and eternal sales pressure. Last Sunday, cryptocurrency stood in the face of extreme turbulence of the market, falling by more than 9% in less than 24 hours. While BTC was rejected for recovery on Monday, sales pressure did not go away, leaving the market uncertain about the next direction.
Among this turbulent price operation, key indicators emphasize the critical relationship between bitcoin performance and the raise in demand. Cryptoquant research manager, Julio Moreno, shared his observations about X, revealing that the return from Bitcoin price is closely related to the raise in demand. Moreno emphasized that the slowdown of demand from the beginning of December directly correlated with reduced returns, emphasizing the key role of the market share in maintaining a stubborn rush.
This observation sheds featherlight on the current state of the market, in which the decreasing speculative appetite and weakening leveled positions contribute to the upright price. When Bitcoin rises below the $ 100,000 mark, both bulls and bears are closed in the battle for control, and the raise in demand serves as a key factor in determining the cryptocurrency trajectory. Because market participants strictly monitor this dynamics, the coming days may be decisive for short- and long-term BTC prospects.
The demand for bitcoins decreases when investors are afraid of correction
Bitcoin has focused on significant variability and sales pressure from the beginning of February, sending waves through a wider cryptographic market. Altcoins and meme coins, often more sensitive during bears, experienced even sharper drops in prices, strengthening uncertainty among investors. Analysts are increasingly signaling potential correction, citing tired bulls and bear prices that indicate further declines.
Moreno provided Key observations on xCombining the results of Bitcoin prices directly with the raise in demand. According to Moreno, the return of Bitcoin prices strictly warns the trajectory of demand growth.
From the beginning of December, the raise in demand has been releasing, which is in line with the weakening rush of Bitcoin profits. Moreno emphasizes the importance of monitoring the growth of demand as a critical indicator of predicting another Bitcoin rally.
Currently, the price of Bitcoin ranges by about 96 thousand. USD, because Bulls are fighting to recover and maintain a psychological sign of 100,000 USD. This level is not only a critical resistance point, but also the main factor in determining brief -term market moods.
Without a breakthrough above 100,000 USD, BTC remains susceptible to additional pressure for sale and a potential decrease in demand zones. However, recovering this level and maintaining it as support would signal the shift of the shoot by paving the way to a potential rally.
The price of BTC shows indecision
Bitcoin currently has USD 96,200 after a few days of price campaign from 100,000 to USD 95,600. The market seems to get stuck in reach, without a clear brief -term direction, because both bulls and bears are fighting for control. Bulls lost the grip on the rush after the price dropped below the key level of 100,000 USD last Tuesday and since then they were unable to recover it.
Lack of upward movement aroused concerns among investors, because Bitcoin’s inability to break above 100,000 USD can signal growing weakness on the market. Meanwhile, the bears exert a constant pressure, but they have not yet forced the price below the critical level of support 95,000 USD.
If Bitcoin falls below 95,000 in the coming days. USD, a further drop in demand zone worth USD 90,000 is likely. This would mean significant bear’s movement and can lead to increased sales pressure when investors grow in the event of a deeper correction.
However, if BTC can maintain its position above USD 95,000, there is still a potential to recover strength and push the price towards the $ 100,000 sign. For now, the market remains uncertain, and traders strictly monitor these key levels in terms of signs of another critical movement.
Recommended photo from Dall-E, Tradingview chart
