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Bitcoin’s $90K Level Under Review: Here’s What Analyst Suggests Newsbtc 2 tuần trước

Bitcoin’s $90K Level Under Review: Here’s What Analyst Suggests 📉

Bitcoin is displaying bearish trends, trading below $91,000 and sparking debates about its future direction. Analysts, including CryptoQuant contributor Percival, are focusing on major market metrics to forecast BTC's trajectory.

Percival's analysis emphasizes Bitcoin's historical seasonal behavior, noting increased sell-side pressure towards the year's end, often persisting into January. Institutional profit-taking and macroeconomic factors are influencing this trend.

Despite these pressures, Bitcoin maintains its $90,000 support, experiencing a 13% decline in Open Interest, primarily attributed to activity on the Chicago Mercantile Exchange. Bitcoin ETFs have seen a reduction in monthly inflows, reflecting broader market sentiment.

Percival highlights diminished sell-side pressure in January, with sell-side risk indicators showing market balance, aided by favorable Short-Term Holder Market Value to Realized Value levels. Demand dynamics remain crucial, with on-chain volume indicating strong market interest.

The gap between the STH MVRV average and the short-term holder cost base could allow external events to impact Bitcoin's price. However, the balance between demand and sell-side risks suggests consolidation.

Nguồn: www.newsbtc.com ↗

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Bitcoin Consolidates Below All-Time High: Analysts Suggest Potential Breakout Above $109,588 or Support at $100,000
Bitcoin Faces Potential Consolidation Challenges Amid Key Resistance and Support Levels Coinotag 1 tuần trước
Bitcoin Faces Potential Consolidation Challenges Amid Key Resistance and Support Levels
Bitcoin Investors Eye $110,000 Milestone as Long-Term Holders and Retail Accumulation Signal Potential Growth Coinotag 1 tuần trước
Bitcoin Investors Eye $110,000 Milestone as Long-Term Holders and Retail Accumulation Signal Potential Growth
Bitcoin Price Predictions: Analyst Suggests Possible Test of $100,000 Amid Recent Recovery Coinotag 2 tuần trước
Bitcoin Price Predictions: Analyst Suggests Possible Test of $100,000 Amid Recent Recovery
Bitcoin Faces Selling Pressure: Can It Reclaim $105,000 to Spark a Potential Recovery? Coinotag 6 ngày trước
Bitcoin Faces Selling Pressure: Can It Reclaim $105,000 to Spark a Potential Recovery?
Bitcoin’s Potential Breakout: Key Metrics Hinting at a Possible Move Beyond $90K-108K Range Coinotag 1 tuần trước
Bitcoin’s Potential Breakout: Key Metrics Hinting at a Possible Move Beyond $90K-108K Range
Bitcoin Attempts to Reclaim $100,000 Amid Market Volatility and External Concerns Coinotag 1 tuần trước
Bitcoin Attempts to Reclaim $100,000 Amid Market Volatility and External Concerns