Bitcoin has been having difficulty in stability above $ 100,000 since February. However, despite these fluctuations, long -term investors continue to protect and purchase their positions. The increasing purchase activities of these investors who have never made sales give important clues about the future aspect of the market. So, can this accumulation carry Bitcoin to new summits? The eye of investors is at the critical resistance levels of Bitcoin.
Bitcoin long -term investors continue to buy
Cryptoquant data shows a significant increase in Bitcoin’s demand for long -term investors. These investors prefer to keep Bitcoin for a long time and are not affected by short -term price fluctuations. Especially despite the correction at the beginning of February, the rapid recovery of long -term investor demand stands out as a remarkable development.
This point to the long -term recovery potential of the market. Compared to previous market cycles, less long -term investors sell. This significantly reduces sales pressure on the market. The decrease in sales pressure increases the likelihood of Bitcoin to hold over $ 100,000 and paves the ground for the price to reach higher levels.
Can BTC price see 110 thousand dollars?
Bitcoin is currently traded just below the 20 -day exponential moving average (EMA). A break above this level can allow the price to enter a new upward trend. If this resistance is overcome, it may be possible for Bitcoin to reach the highest value of all time at the level of $ 109 thousand. Technical indicators also support this possibility and investors closely monitor this level. However, if the demand for long -term investor decreases, the price is at risk of withdrawal.
In this scenario, Bitcoin may fall up to 92 thousand 325 dollars. Breaking this level can cause a stronger correction. Investors should be careful at these levels and follow the developments in the market instantly. Bitcoin’s long -term investors provide stability in the market, while market indicators continue to give positive signals in the short term. If the purchase request continues to increase, it may be a matter of time before Bitcoin starts a new rally towards $ 110,000. The general trend of the market will also play a decisive role in this process.
