After its price rises above $105,000, Bitcoin market trends The bullish momentum is showing ongoing growth. Among key indicators such as key indicators (such as the recent shift to positive areas), the update intensity of BTC has also been observed.
Binance Bitcoin Spot Display Strength
Bitcoin’s bullish performance is also reflected in the point net increment (USD) of Bitcoin’s Binance. In a secret Quicktake post, Darkfost, on-chain expert Mentioned After a bearish trend, indicators about binary have moved to positive areas, indicating that spot market buying momentum may be recovering. It is worth noting that Binance is leading the way in exchange, exceeding 26% of global spot stock, Common cases.
Entering active territory means more Investors on the platform BTC is being purchased at current levels, which indicates a revival of behavior among institutional and retail participants. As BTC prices hover near key resistance levels, the development could support an ongoing upward trend, triggering ongoing rally.
Although shifts have increased buying activity in the spot market, experts stress that sales pressures have dropped significantly even if BTC’s price trading is above $100,000. According to DarkFost, this is a more important factor to consider in this rising blob.
However, experts highlight the need to remain cautious during such times, as Bitcoin’s net sales quickly rose to Binance Crypto Exchange Often matched with local market tops. Given consistency with the market top, this suggests that the ongoing uptrend may extend all the way to the market top of the cycle.
After an in-depth analysis of the trend, DarkFost highlights two main factors that often drive a surge in point volume. The first factor is a wave of encouragement to minimize risk and seek additional profits. At the same time, the second factor is the acceleration of making money, especially once the new all-time high is broken.
As seen in the past, this combination of euphoria and accelerated profits has led to a large number of peaks. However, DarkFost says monitoring Sales pressure During these volumes, peaks are critical under such high risk conditions. At the same time, the current increase in point volume will support market strength rather than warning signals.
BTC peaks at $207,701
Addressing BTC is the highest in this cycleMags, a crypto analyst, predict Based on past trends in Fibonacci extension levels, assets may reach $207,701 at $207,701. In the last cycle, Bitcoin reached the top precisely at the 3.618 FIB expansion level.
Meanwhile, BTC remains below the expansion level of 1.618 FIB during the ongoing cycle. The chart shows that the next major resistance is the 2.618 FIB expansion level at $154,522, which Mags considers to be the most bearish situation Loop top. If BTC repeats past trends, it may reach peaks around $207,701 and beyond in the most bullish case.
Featured images from Pixabay, charts from TradingView.com
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