Bitcoin price exceeds 100 thousand dollars without showing the “extremist” FOMO signs – research
Bitcoin price exceeded $ 100,000, but research indicates that the market has not yet seen the extreme FOMO. On the series Data One of the Cryptoquant offers is that the new investors, who were tracked through UTXOS outputs (UTXOS), did not enter into the levels that were seen during the previous emerging market peaks in 2013, 2017 and 2021. Historically, market markets are characterized by rise. Bitcoin kept for a period of less than less than Three months, which represents more than 70 % of UTXOS. Currently, this number is slightly more than half, indicating that the market has a space for growth before reaching the peak of the cycle.
Glassnode Confirm Bitcoin’s share held by new investors is still much lower than the levels seen at the highest levels ever. Cryptoquant analysis indicates that although the new investor’s participation increased, it has not reached extreme levels. This means that the Bitcoin price can still be more bullish trend, but traders should monitor the percentage of small coins to long -term holdings to obtain possible warning signs on the top of the market.
Bitcoin was traded in a range of $ 20,000 for more than two months, providing the collapse expectations. Traders believe that the daily closure of more than $ 110,000 can pave the way for a stronger gathering. Analyst generation Duplicate To the outbreak of the upscale flag, saying that if Bitcoin is closed above this main level, the next goal may be about 145,000 dollars. Many merchants expect to eventually give way to another leg.
Although the market feeling is still positive, Cryptoquant warns that investors should monitor the signals that usually indicate the end of the bull cycle. Increased participation from inexperienced traders and a percentage higher than UTXOS in the short term may indicate that the market is close to its peak. However, at the present time, the bitcoin price activity does not reflect the same speculative frenzy that was seen in the summits of the previous session.
Although Bitcoin’s psychological teacher of crossing $ 100,000, research indicates that market behavior is still measured. Unlike the previous summits, as new investors have rushed to purchase at high prices, the current conditions indicate a more controlled stage of market growth. Some merchants remain cautious, pending confirmation of the collapse before increasing exposure.
The continuous analysis of multiple data companies on the series indicates that the current price procedure for Bitcoin does not reflect after the conditions that historically led to great corrections. However, merchants and analysts remain monitoring, knowing that the market can turn quickly. Whether the Bitcoin Rally lasts about 145,000 dollars or the resistance of the confrontation depends on the power of purchasing pressure and market confidence.
https://media.zenfs.com/en/coinmarketcap_783/59def4ddbe5927750262d48cdc3e28a5