Fears of the “$ 124,000 dollars” summit of Bitcoin have been rejected as the peak of 30/30/30 btc indicators star-news.press/wp

Main meals:

• The Bitcoin height of $ 124,500 is unlikely to be the top of the cycle, as all the thirtieth peak indicators are still neutral.

• Modern losses show that new investors who acquire inconvenient sins.

• Keeping over EMA for 20 weeks keeps the Bitcoin path open about $ 150,000.

Bitcoin (BTC) is one of its highest standard levels that raises concerns about whether the market has already reached its peak for 2025. But the so -called “top 124,000 dollars” is only “noise”, according to the analyst Merlijn Trader.

30/30 Bitcoin hint indicators have a greater space for height

in Tuesday PostMerijn confirmed that none of the peak indicators that have been widely followed by Bitcoin may have widespread a large scale.

Historically, bitcoin peaks coincided with multiple “high temperature” signals through known ONSAIN tools.

For example, Puell Mountter, which extends when miners earn highly sustainable revenue, at only 1.39, is much lower than the 2.2 risk area that was seen before the peak of the past price.

Likewise, the MVRV Z-SCORE, which compares the price of Bitcoin to actual capital flows, remains in neutral lands instead of the heavy extremist pronunciation that represents previous peaks.

Decapable BTC holders are not annoyed

The data on the chain supports the bullish show, which indicates an ongoing classic surrender stage.

The latest Bitcoin investors -who carry BTC for less than a month -sit on average, unrealized losses of about -3.50 % and are now sold, according to the data shared by the analyst. Crazzyblockk.

On the contrary, the broad -term regiment in the short term (STH), which was held for a month to six months, is still profitable with unimportant profit by +4.50 %.

“This is a bullish structural development,” Crazzyblockk writes, adding:

“The market cleanses its weakest hands, as BTC is transferred to their holders on the basis of low cost and a higher condemnation (…) This shake, although it is painful to the highest modern purchases, is exactly the type of event that builds a strong support base for the following neglected plan.”

$ 70 million in BTC Longs LILEDS

Occinan analyst Omar Taha Argue In favor of recovering after that, citing a long flow of $ 70 million from Longs Londs after the BTC price dropped to less than $ 111,000 on Binance.

Open interest (OI) decreased dramatically after the liquidation event. The size of the cumulative Taker Net Binance decreased by about one billion dollars, indicating the hegemony and surrender in the side of the sale between the late buyers.

The next group of liquidity is about $ 117,000 – $ 118,000, which can serve as a price magnet if BTC recovered in the coming days. Below, there is limited support even about $ 105,000.

“With excessive buyers removal and reset open benefits, the market is more healthy in terms of structural,” Taha writes, adding:

“The lack of a short pressure indicates the potential of the inherent upward trend, especially if BTC recovers the main levels and leads to short coverage.”

Can Bitcoin still decrease $ 100,000?

On the weekly graph, the Bitcoin withdrawal seems less similar to the market and more like the classic market correction in the market.

Since early 2023, BTC has repeatedly published sharp withdrawals in 20-30 % before resuming its upward direction.

The last 12 % decrease is relatively shallow and still sits over the 20 -week SIA moving average (EMA 20 weeks; green wave) near $ 108,000, which was the level that served as dynamic support throughout the march.

It can re -recovery from EMA for 20 weeks to Bitcoin’s return to the right track to challenge its highest level above 125500 dollars, while keeping the door open to a wider crowd of about $ 150,000, if not higher by the end of 2025.

Related to: The strategy buys $ 357 million in Bitcoin, where the price decreases to 112 thousand dollars

On the contrary, the collapse below the EMA for 20 weeks may lead to a deeper correction towards EMA for 50 weeks (the red wave) near 95,300 dollars. This support was historically defined by the local bitcoin during the previous decline in the emerging market.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.