Bitcoin Bulls dominates byBit – Taker Buy/Sele Resio rises to 11.5 star-news.press/wp

Bitcoin faces a decisive test as it presses the price movement between two main levels: the highest level of $ 112,000 ever and the subsidy zone of $ 105,000. The bulls try to restore momentum and push BTC to discover prices, while the bears nullify the recent gains and lead to a deeper correction. However, the current scene is dominated by uncertainty. The fluctuation has risen, however there is no decisive direction in playing, creating a tense environment full of frequency on both sides of the market.

Enhancing speculation is new data from Cryptoquant, which reveals an extreme aggression on the purchase side on the bybit. The Bitcoin Taker’s purchase/sale/sale has increased to 11.5, which is an unusually high reading indicating that traders prefer long jobs. This increase in aggressive purchase indicates the increasing confidence between the bulls, who believe that the collapse is imminent. However, it also provides risks. When this location is one -sided, the market is often punished for the late two cases with sudden repercussions.

With liquidity collection near both resistance of $ 112,000 and $ 105,000 support, Bitcoin appears to be wrapped in a volatile movement. Whether BTC breaks up or loses the main support will depend on how the broader market interacts with this unbalanced sites – the duration that the bulls can maintain pressure without confirmation.

Bitcoin outbreaks grow in the midst of a long location

Bitcoin has increased by 9 % since last Sunday, pushing the price towards the main resistance levels and references to the outbreak of the outbreak of the highest level ever. After weeks of monotheism and intermittent work, the recent increase indicates that the decisive step can be on the horizon. It is clear that the momentum is constructive, and many analysts trust that Bitcoin is preparing to challenge its peak of $ 112,000. If Bulls can penetrate, BTC can enter prices and lead to a wave of fresh flows.

Despite optimism, the risks are still high. The wider macroeconomic background is still narrow, with uncertainty in interest rates, geopolitical tensions, and unstable global liquidity that pressure all risk assets. Bitcoin may appear strength, but it does so in an environment that can quickly turn against sites on risk. This has led to some traders, even as technicians appear the budget capabilities.

The highest analyst market Add fuel to the conversation by highlighting the disturbing data of Cryptoquant. The purchase/sale/sale/sale percentage of Bitcoin to Bybit has increased to 11.5, indicating an extreme aggression on the purchase side. This means that the market participants on the Bybit – referred to as “Beetbet” – open heavy long sites and pressure strongly on the upper direction. Although this reflects a strong conviction, this site unilaterally can bring in reverse results if the momentum flows or reflects.

BTC merges after a sharp recovery

Bitcoin is currently trading at $ 107168 after obtaining a strong upward momentum of the support level of $ 103,600. The 8 -hour graph shows a clear recovery after June 24 from the 200 -day simple moving average (SMA), which was marked in red, which was a dynamic support. The price has increased since then above 50 SMA (blue) and 100 SMA (green), indicating the regeneration of bullish momentum in the short term.

However, BTC is now facing resistance near $ 109,300, just less than the decisive area of ​​$ 110,000. This region has already sparked multiple rejection operations, making it a large barrier in the short term. A certain outlook can open over this area, the door to re -test the highest level ever at $ 112,000.

The size decreased slightly during the last monotheism, indicating the frequency. While the moving averages may be parallel with a bullish sequence (Price> 50 SMA> 100 SMA> 200 SMA), Bitcoin should keep this structure and break more than $ 109,300 with a strong volume to check the continuity.

If the bulls fail to break the resistance, it will be the $ 105300 region – 103,600 dollars, it is very important to monitor potential support. Low below can indicate pressure on the renewed downside. Currently, BTC is still in a bullish position but faces a major test.

Distinctive image from Dall-E, the tradingView graph

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