Bitcoin long -term accumulation in the middle of global tension
Bitcoin has soared to $ 110,000 two days ago and is a noticeable distance of up to $ 112,000. However, as the conflict between Israel-Iran has increased, the market has been sent to a volatile state of risk. BTC has since returned to $ 104,000, down 7% from the highest in the region, but price measures are still flexible. Bitcoin continues to trade more than important support levels, and a wider trend suggests that bulls can still have their momentum.
The decisive brake out remains at the core level of $ 112,000 because it pushes the BTC with a price discovery and informs the beginning of the new explosion of the entire encryption market. The current market is waiting for confirmation because Bitcoin is currently strengthening resistance in the high -defense environment.
Despite volatility, the powerful heat chain founded as it remains intact. According to Cryptoquant CEO KI Young Ju, long -term holders have added 881,578 BTCs to their wallets over the last 30 days. This cohort is generally composed of more skilled investors and knows the trust in the orbit of Bitcoin.
Global uncertainty continues to dominate the headline, but Bitcoin’s ability combined with Bitcoin’s aggressive long -term accumulation suggests that all fullbacks can be short. If the bull recovers the momentum and recipes $ 110K, the next station can be an unknown area beyond the best ever. The next few days will define the tempo for the rest of the quarter.
BTC found support after a rapid rejection at $ 110K resistor.
The four -hour Bitcoin chart quickly declined to $ 104K after rapidly rejecting $ 1.1 million in areas earlier this week. The price is now beyond the level of critical support of about $ 103,600, which is a lunch pad in early June. The resistance of $ 109,300 remains a key level for a series of all time, but the trend is vulnerable to disadvantages.
Price behavior has recently increased the amount of sales, and signaling has increased investor reactions to the designated tension caused by Israel-Iranian conflict. However, the $ 103,600 bounce suggests that the bulls are defending this region and continues to play a major structural support.
The 50, 100 and 200-period SMA converges from $ 106,000 to $ 106,500, adding joining to short-term resistance clusters. Clean rest in the area can be opened with a re -test of $ 109,300. But if the BTC does not maintain $ 103,600, the market will be able to return to a $ 1 billion psychological mark.
DALL-E’s main image, TradingView chart
