Bitcoin is negotiated in a narrow range between $ 100,000 and $ 105,000, aroused increasing impatience among investors wishing the next major decision. After weeks of bullish impetus and a strong ascent of the lower April, the market has entered a silent consolidation phase. Although this type of action on lateral prices may seem without incident, it often precedes volatility and merchants look closely.
According to new Cryptochent data, traders – those who hold bitcoin for 1 to 3 months – are now firmly in the area. Their margin of profit / average loss went from a deficit of -19% to + 21% in just a month, which underlines how the recent rally has changed the feeling. The 30 -day mobile average of their profit is now at around + 9%, a healthy level but not overheated.
This resumption of unrealized gains suggests that the market players who bought the DIP have been rewarded and could now position for another lightness or prepare to make profits. While the commercial range is tightening, the market appears to be wrapped for a decisive decision. It remains to be seen that Bitcoin breaks new peaks of all time or faces a deeper decline. For the moment, the wait continues.
The merchants are back in profit under the discovery of the prices of the bitcoin eyes
Bitcoin shows signs of strength because it hovers just below its level of all time almost $ 109,000. Despite a recent rise up, the resistance level of $ 105,000 has proven to be difficult to break, keeping BTC locked in a tight range between $ 100,000 and $ 105,000. This consolidation has created a feeling of market indecision, the bulls trying to maintain control while Bears tests their resolution. However, the wider trend remains optimistic, and many investors think that an escape in prices are imminent if the current support is valid.
Top Analyst Darkfost shared ideas In chain activity, stressing that traders – defined as portfolios with bitcoin for 1 to 3 months – returned to the benefit. Their profit / loss margin went spectacularly from -19% to + 21% in the last month, a sign of confidence renewed on the market. The 30 -day mobile average for the profitability of this cohort is now at + 9%, indicating a healthy but not excessive gain.
Interestingly, since the last correction, the price made for these traders fell to $ 84,600 and seems to stabilize. This suggests an increased purchase activity during the decline, strengthening the upward structure. While the current levels are far from the overheated area of ​​+ 40%, the increase in unpaid profits could soon encourage certain investors to take partial gains.
The next few days are likely to be decisive. An escape greater than $ 105,000 could open the doors to discover prices, while non-compliance with the support can trigger a short-term sale. For the moment, Bitcoin remains at a central point.
Technical details: calm before the big movement
Bitcoin is currently negotiating about $ 103,300 after failing to cross the resistance level of $ 103,600. This area has become a short -term key barrier for bulls while the price is closely consolidated below. The graph shows a clear structure of a strong bullish dynamic from the beginning of May, pushing the BTC of the $ 87,000 area in the $ 100,000 area to $ 105,000. However, recent candles reflect indecision, several wicks greater than $ 103,600 being rejected and the price fence below.
Despite the rejection, the bulls continue to effectively defend the level of support of $ 100,000. The 200 -day EMA and SMA are much lower than current prices – totaling about $ 88,000 and $ 92,600 – enlightening the strength of the recent upward trend. The volume decreases slightly, which suggests that traders expect a break or clear rupture before engaging in a new direction.
If Bitcoin can recover and maintain $ 103,600 over $ 103,600, a summit of all time almost $ 109,000 becomes more and more likely. On the other hand, a loss of $ 100,000 could open the door to a deeper retirement to the range from $ 96,000 to $ 94,000.
Dall-e star image, tradingview graphic
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