Here is how the bitcoin price can be separated from the old pattern for two months

Bitcoin has been in a declining direction since mid -January, with attempts to break this course the market resistance.

Although the recent measures that made prices appear to be the landmark in BTC may get worse, the continuous market conditions show the promise of a possible recovery.

Bitcoin has long suffered

A strong evidence of cash and sanctuary can be found by comparing the flows in the investment funds circulating in the United States and open interest (OI) via CME Futures Contracts. When bias in the long market in the market begins to weak, the relaxation of this trade becomes clear. Last month, this led to the highest ETF flows and a decrease in open attention, which represents its lowest level for 12 months.

These developments, while indicating a short -term weakness, historically preceded the market recovery stages. The decrease in external flows indicates that liquidity pressure is abandoned, and investor morale may turn into accumulation. With the improvement of the market conditions, the saturated relaxation in the pregnancy trade can be Provide bitcoin with Support for long -term recovery.

The dual spending index slowed in the long term (LTH) recently, indicating a shift in feelings. The indicator tracks at a large percentage of Bitcoin holders in the long run Start spending their origins.

The slowdown in this spending behavior indicates that LTHS is less inclined for sale, indicating greater confidence in adhering to this volatile period. Historically, when this trend occurs, it leads to the stage of accumulation where holders of a more convenient market environment await.

Low spending activity from LTHS can be a sign that these investors are waiting for more suitable prices, which may lead to market pressure on the market. When you choose LTHS to stick, the possibility of a constant crowd increases, which may provide the basis for Bitcoin recovery.

BTC price needs to find a breach

Bitcoin is trying Get out of a two -month -old descending wedge style, which represents a bullish opportunity for the encryption king to more than $ 90,000. A successful breach to resist $ 89,800 to confirm this penetration, which may start a new upward trend.

The above -mentioned ups support this optimistic view. If Bitcoin successfully exceeds $ 89,800, it may rise to $ 95,761, which leads to a large part of the last losses. This can also lead to more investor confidence, which enhances momentum.

However, this bullish thesis is in danger if Bitcoin failure To violate $ 89,800 or conflicts to violate $ 87,041. In this case, the price can decrease to less than 85,000 dollars, about $ 80,000, which will nullify the bullish scenario and delay any possible recovery.