3 reasons that make Bitcoin the price of the bitcoin cannot get out of the resistance level of 90 thousand dollars

Since reaching the highest weekly level, it amounted to $ 88,752 on March 24, Bitcoin (BTC) The price shaped a series of low altitudes and low declines in the graph of the time frame for an hour.

With the end of the weekend, the bitcoin price failed to break the resistance of $ 88,000, which reduces the chance of re -testing $ 90,000 before the end of the first quarter.

What is the maintenance of bitcoin less than 90 thousand dollars?

One of the main causes of the current price conflicts of Bitcoin is the constant pressure on the sale side of short -term holders (Sths) or investors who carry metal currencies for less than 155 days. The newsletter of Glassnode’s “The Week on-chain” male The current Bitcoin course has witnessed a “best heavy” market where investors who bought BTC bought at a large part of the Bitcoin supply. As a result, the STH group has become the main group that faces the largest price clouds since Bitcoin corrects 30 % of its highest level ever.

In the report, Glassnode analysts said,

“The size of the short -term supply of baccalaureate to a increased loss to 3.4 meters from BTC. This is the largest size of the STH Supply in the loss since July 2018.”

The pressure pressure that short -term holders face is reflected in the degree of bitcoin accumulation.

The Bitcoin accumulation, a scale that determines the pressure pressure, has remained less than 0.1 since the BTC price decreased from $ 108,000 to 93,000-97,000 dollars. The result is under 0.5 distribution of signals (sale) instead of accumulation, and the sub -value highlights 0.1 intensive sale pressure.

Another reason has struggled with Bitcoin to see a threshold of $ 90,000 due to the shrinking liquidity conditions. The data indicates that the Onchain transmission volumes have decreased to $ 5.2 billion per day, a sharp decrease of 47 % from the peak during the gathering to its highest levels ever. Likewise, the number of active headlines also decreased by 18 %, as it decreased from 950,000 in November 2024 to 780,000.

At the same time, open attention (OI) in the BTC Futures Market Decline 24 % of 71.85 billion dollars to 54.65 billion dollars, with permanent future futures financing rates as well.

The shrinkage of this liquidity and liquidity – which has been allocated by only 2.5 % of the total profit supply during the correction – determines the market’s ability to exceed 90 thousand dollars due to the lack of sufficient purchase orders to accommodate sales orders.

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The new demand for bitcoin continues to decrease

Glassnode also highlighted that the current BTC Bull course lacks the new demand (buyers) who enter the market, with the cost-cost distribution (CBD) shows the concentration of supply at higher price levels (100 thousand dollars-108 thousand dollars), but there is no significant flow of buyers at low levels of prices.

There is a multiple lack of a request for a total economic uncertainty, which led to the inhibition of new investors, as shown in the transmission of net capital flows when the basis of the STH cost decreased for a week to one to less than a month to 3 months.

However, Glassnode analysts said,

“The other side of these notes is that a long -term standing group still maintains a large part of the network wealth, and holds approximately 40 % of the invested value.”

Basically, these periods of prolonged accumulation can finally put the offer and lead to better conditions for a new wave of demand once you create a stronger upward trend in the market.

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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.