Bitcoin has recently experienced rapid volatility by increasing and implementing designated scientific tensions in the Middle East. During the weekend, BTC lowered the psychological level of $ 100,000 and panic among investors, according to a report on US strike on Iran’s nuclear facilities. But as the news of the ceasefire agreement between Israel and Iran was suspended, the emotions changed quickly when a powerful rally took place. Bitcoin has soared to more than $ 105,000, emphasizing market sensitivity to global conflict headlines.
Supporting this recovery provides insight into investor behavior by data from Cryptoquant’s UTXO Block P/L Count ratio model. At the highest point of $ 112K earlier this month, the model recorded spikes at 34,000 points, gaining profits when many holders were strongly sold. Since then, this metrics have plunged to 216 points, suggesting that profitable sales have been built and the current transaction part is being realized.
The shift indicates that the seller has a great retreat and the buyer has begun to control at this low level. As long as Bitcoin maintains more than $ 100 million, the path can prefer more stable recovery.
Bitcoin Eyes Stability
Bitcoin once again surged more than 7% within 25 hours at a pivotal moment, recovering more than $ 105,000. The bounce has been strong, but Bitcoin remains firmly within the integrated range of prices since May. Despite aggressive movements, strengthening the short -term direction, especially global tension in the Middle East, and macroeconomic conditions, continues to inject volatility into the market.
The chief analyst, AXEL Adler, shared new insights that emphasize the major changes in investor behavior. According to Cryptoquant’s UTXO block P/L count ratio model, this model surged to 34,000 when Bitcoin recorded the highest level of $ 112,000 earlier this month. Many investors have gained profits, as they used for the highest evaluation. However, this indicator has since plunged to 216 points since then, indicating that profitable sales have virtually disappeared, and more participants are now realizing losses.
This steep reduction has created a signal that the seller will greatly shut down the market and create a space for new buyers to accumulate at a low level. Changes in behavior suggest that there is still a risk of falling, but there are fewer prices in the short term. When pressure cooling and long -term convictions are returned, Bitcoin appears to be in a constructive stage.
BTC has main support due to rebound attempts.
The Daily Bitcoin chart shows a sharp bounce from $ 98,200 to $ 105,000. This level has previously served as support and resistance since March, and is now the main battlefield of the bull. The price dropped for a short time to 50 days of SMA, but it quickly recovered on it and renewed the short -term strength.
The bounce also comes out after Bitcoin tests a 100 -day SMA ($ 96,000), a historically reliable buyer and an area of history. However, despite the optimistic response, the BTC has not yet recovered the level of resistance of $ 109,300, which has prevented several rally since early June.
Spikes of the most recent green candles are returning to lower demands and verifying chain data indicating that the seller is leaving. Nevertheless, Bitcoin remains a wide range of integrated patterns, and if it does not break more than $ 109,300, the current range of bound structures will remain the same.
The BTC must close the door to more than $ 109,300 to announce the true trend reversal of the all -time high and the updated momentum. Until then, merchants should expect a continuous short, just as macroscopic uncertainty and designated events are weighed in short -term emotions.
DALL-E’s main image, TradingView chart
Editorial process focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor’s team. This process ensures the integrity, relevance and value of the reader’s content.
