Bitcoin has maintained its position above the $ 100,000 brand since the beginning of May, reaching a maximum of $ 112,000 and pointing out a strong upward feeling. This historical rupture has prepared the stage for a potentially massive race, since institutional demand, macroeconomic pressure and chain dynamics in the chain are aligned. However, despite the bullish control, the market is beginning to show signs of hesitation. The growing global tensions, particularly around commercial policies and the increase in treasure yields of the United States, are creating uncertainty in financial markets, and Bitcoin is not immune.
Chain data shed light on the behavior of evolving investors. The destroyed indicator (CDD) of currencies (CDD) tracks how long Bitcoin has been carried out before being transferred-reveals that, although the 90-day mobile average remains moderate around 14 million CDD, the 21-day mobile average is marking up. This suggests that some long -term gaps are beginning to move their coins, a possible sign of early gain taking or volatility preparation. Althegh, the increase is not extreme, add a caution layer to the upward narrative.
As Bitcoin consolidates around current levels, analysts are closely observing a clear signal. It remains to be seen if this movement foreshadows a broader or broader correction, but the impulse remains on the side of the bulls for now.
Bitcoin is consolidated as CDD signs cautious optimism
In the middle of increasing global tensions, Bitcoin seems to be firm, constantly quoting above the $ 105,000 brand. After reaching a historical maximum of $ 112,000, the price has entered a consolidation phase as the Bulls defend critical demand while fighting to confirm a new break. This period of lateral movement reflects uncertainty in financial markets, as systemic risks and macroconomic volatility grow, fueled by an unstable bond market, it continues to increase.
Despite indecision, some data in the chain suggest that Bitcoin can be prepared for its next important movement. The superior analyst Darfost shared ideas based on the destroyed metric (CDD) of the currency, which tracks the activity of the long -term holders by measuring how long the coins are maintained before being transferred. While the 90 days of CDD remote days at a healthy level of mandate around 14 million, the average of 21 days shows a remarkable increase. This indicates that more coins are recently moving, potentially pointing out the first stages of sale or a change in the feeling of the holder
However, this movement does not necessarily point to immediate sales. On the other hand, it can be a sign of greater caution among long -term holders, positioning volatility instead of hurrying by exits. Historically, the main CDD peaks have preceded the cycle cycles or capitulation events, but current levels remain far from those ends.
In summary, Bitcoin’s recent price action reflects a balance between the bullish force and cautious behavior. As global uncertainty and capital continue to flow towards hard assets, Bitcoin’s capacity to remain above $ 105,000, even with mixed feeling and technical pressure, highlights the resistance of the asset. If this is resolved in a thrust above $ 112K or a deeper setback depends largely on how macroconic risks evolve and if continuous long -term holders feel tight or begin to leave.
Details of the price action: keeping the previous key levels
Bitcoin is quoted about $ 105,357 after a slight decrease of 0.52%, testing key support levels after a setback of its historical maximum of $ 112,000. The graph shows that BTC remains above the crucial support zone of $ 103,600, which aligns with the 34 -day EMA at $ 103,114, a level that bulls must defend themselves to avoid deeper losses. The resistance level of $ 109,300 remains intact and continues to limit the impulse up
The recent price structure suggests that Bitcoin is consolidating within a clear range between $ 103,600 and $ 109,300. This phase follows an aggressive demonstration until April and May, where BTC broke over the resistance areas of several months. While the current current low structure is maintained, the upward trend remains technically valid.
Mobile averages (50, 100 and 200 days) are tending upwards, an upward signal, but the price is currently among them, which shows indecision. The decline volume also supports this lateral action. A rupture above $ 109,300 would confirm the renewed bullish force, while a closure below $ 103,600 could trigger a change of feeling.
For now, all eyes remain in macroconomic drivers and market volatility. If Bitcoin maintains these levels and begins to rise again, could point out the following section of the cycle. Until then, caution prevails while merchants expect the confirmation of the management.
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