Watch these levels of bitcoin price because BTC meets “decision point”

Key separation:

• Bitcoin failed to break resilience to $ 98,000 in the middle of profit increases.

• The BTC price should close above $ 95,000 on a daylight for pushing to $ 100,000.

Bitcoin’s (Btc) The price failed to be violated above resistance to $ 98,000 2. May. From 22. April BTC prices formed everyday candle in the amount of 93,000 and 97,900 dollars, but could not close above $ 97,440.

The price of bitcoin action is cut and in a narrower range during the last few days. In addition to profit, taking a profit and a lot of offer in profit, markets could see volatile pricing swings towards the key levels of BTC prices in the next few days.

Realized profit above “Statistical Levels”

Senior researcher on vocal, criptovizart.₿, said This set of bitcoins to a range of 93,000-96,000 dollars “pushed the volume from profits above statistical levels.”

In other words, the realized salary / loss ratio shows that the scope of bitcoin sales for profits exceed historical standards. This suggests increased activities of selling investors in gains, often signals potential market peaks and increased pressure on necessarily.

The graph below indicates that “for every dollar was achieved by loss, more than $ 9 was realized in profit!” Criptovizart.₿ Explained, Adding:

“The fact that the price is still above $ 93,000, it is very surprising, which is in my humble opinion also risky.”

As Reported cointelegraphThe BTC sales are spreading near the level of $ 95,000 in the last few days, as short-term accessories for merchants book.

Cripto Analytic Crovmate said This current Market Bitcoin is a key “decision-making point”, so Bitcoin must cleanse this zone of the price zone in close time to avoid another big correction.

Related: The price of Bitcoin cools on Sunday Incredible week to supply, hype, AAVE, RNDR, FET still look bullish

The supply of Bitcoin’s profit is now standing at 86%, according to the data from the glass. This high percentage often Signals the bull phase. However, it also indicates potential risks: when the procurement of earnings exceeds 80-90%, historical patterns show increased earnings, especially short-term owners, which can lead to corrections.

Given these two scenarios, checkmate pointed out:

“We are sitting right in the middle of decision, and everything will need is one big red or green candle from here to convince people of lower high, ie bikovna sequence.”

Key levels Bitcoin levels for viewing

Bitcoin must transfer the level of resistance to $ 98,000 in support of the goal Taller top above $ 100,000.

But first, BTC / USD pair must close above $ 95,000 on a daily list. The price of BTC fell below this level 4. Maja, driven by taking profits After the rally to $ 97,000.

One positive bull catalyst could be a constant demand from Bitcoin ETFS. Bitcoin ETFS registered 1.8 billion dollars net inflows last week, according to False Investor data.

Another catalyst can come from Wednesday Meeting of decision-making at interest rate.

Meanwhile, the bears will try to retain $ 98,000 to increase the probability of pulling the price below $ 92,000. The immediate goal below the previous range is 90,000 dollars, ie. Point of convergence 100-day and 200-day SMAS.

Under $ 90,000, the following key areas of interest remain between 85,000 and $ 75,000. Reaching $ 75,000 would delete all winnings after 90-day tariff break.

This article does not contain investment advice or recommendations. Any investment and trade of trading involves risk, and readers should conduct their own research when making a decision.