The price of Bitcoin has been struggling to exceed $ 100,000 for a long time. The causes of this psychological resistance caused the price to retreat. However, BTC gives signals of recovery by maintaining significant support levels. Meanwhile, long -term investors question their positions, while new buyers see their decreases as an opportunity.
Bitcoin investors are cautious
Bitcoin’s Fear and Greed Index is currently in the horror zone. This is an indication of growing uncertainty and cautious stance among investors. The index, which has reached this level for the second time since October 2023, points to a short -term momentum lack in the market.
Staying for a long time in the horror zone can limit Bitcoin’s upward movement. Many investors waiting to improve the current market conditions may postpone purchasing and sales decisions. In this case, it may be difficult for BTC to create a requirement to exceed $ 100,000 resistance.
New investors pursue opportunities
Bitcoin’s Adoption Rate draws attention as a significant metric that measures the number of new addresses participating in daily transactions. This rate, which is currently 44 %, shows that new investors purchase at low prices. These for the first time, these participants are relying on Bitcoin’s long -term potential.
If this trend persists, it can bring a new wave of demand for the price of bitcoin. Generally, the increase in the ratio of adoption is seen as a sign that takes place before large rally. The introduction of new capital into the market can support Bitcoin’s long -term rise trend.
BTC price estimation: support levels and critical resistance
Bitcoin is currently traded for $ 97.293 and maintains its significant support for $ 95,869. BTC, which has survived this level of support, can test $ 100,000 again in the short term.
However, the mixed market signals may extend the consolidation period of Bitcoin. If the demand does not occur, the BTC may have difficulty exceeding $ 100,000. In this case, the price may watch horizontally for days and a clear break may not occur. However, the support of the $ 100,000 level as a support can open the door of the long -term rise.
