Bitcoin miner also ensures sales pressure. (Photo: Freepik, User16639364)
Top analysts raise the alarm: More and more capital is leaving the crypto markets-the first intensive reset of the young year is threatened! A renowned chart expert explains what has to happen with Bitcoin (BTC) to avoid a crash to $ 74,000 (minus $ 28.85 percent from the current course).
Bitcoin over $ 100,000: Now early investors are increasing
There can also be a “crypto president” How Donald Trump doesn’t do anything: After one Strong start to the year And numerous new all -time highs are now going to be made up for Bitcoin (BTC). Different metrics switch on Bearish and whip Bitcoin in stormy waters – does the Bullrun soon come to an abrupt end? As early as December last year, profit from more than $ 3 billion occurred – even there were concerns that the bulls could now go out.
But that’s not all: Bitcoin-Miner also contributes and ensure sales pressure. They sold more than 20,000 BTC around 2 weeks ago – equivalent: $ 2 billion. Many long -term owners also separate from their coins – 75,000 BTC were laid out in the hammer in around a week. It’s no wonder: Bitcoins course explosion over $ 100,000 tempts long-established investors to take profits.
Also old coins, especially memoins-they are currently among the top losers: Pudgy Penguins (Pengu) leads the list with a decline of 43.35 percent in the last 7 days, closely followed by Fartcoin, Minus 30, 07 percent) and Donald Trump’s own cryptocurrency Official Trump (Trump, minus 24.91 percent).
Bitcoin: Prognosis warns of almost minus 30 percent of correction
The increasing sales pressure flushes capital from the crypto markets: As top analyst Ali Martinez explains, the tributaries at Krypto-Platzhirsch Bitcoin have fallen by a whopping 63.3 percent since the beginning of December 2024-from 134.65 billion to 43.37 billion Dollar. At the same time, the activity in the Bitcoin network decreases rapidly. Fewer and fewer users frolic in the BTC ecosystem-the number of active addresses is consequently located at a new multi-month low.
Industry observer Martinez summarize in his forecast: “In view of these factors – increasing sales pressure, lack of fresh capital and decreasing network activity – it is crucial for Bitcoin to stay over $ 91,700.” Background: This is the next critical level of support on the way down. Martinez adds: Should Bitcoin lose the area, there is a threat of a new decline-this time at the underlying support level at $ 74,000.
Bitcoin: Only from this price will it be bearish
But, important for investors: it is only a short-term worst-case scenario. Macroeconomically, Bitcoin has numerous aces in their sleeves, Comments Bloomberg in a forecast, for example. Crypto strategist Martinez also relativizes: “Despite these bears signals, several models indicate that Bitcoin still has space up before a market top is reached.”
The moving average of the last 200 days (200-day SMA), for example, is unmistakably Bullish: According to the indicator, bull markets are typically only become bear markets when the Bitcoin course has exceeded the 200-day SMA. Or, formulated differently: Investors should only expect a cycle shift when Bitcoin pumps $ 184,600. So there is still a little time. After a decline, the crypto guideline is currently 1.04 percent within the last 24 hours at $ 104,120.
Disclaimer:
The author and/or connected persons or companies have cryptocoins, including bitcoins. This article represents an expression of opinion and no investment advice.