Bitcoin – Check the PTC Weekend Possibilities star-news.press/wp

• Bitcoin derivative sizes turned into positive two days of dominant sales pressure on the market
• Market analysis revealed that Bitcoin faces another major obstacle before you can return to the previous ATH

Bitcoin (BTC) has achieved great gains over the past 24 hours, with the encryption increased by 0.85 % to reach 106 thousand dollars after a decrease to 103 thousand dollars – its lowest level per week.

Looking at the recent developments in the derivative market, analysts believe that Bitcoin may have Bitcoin the ability to organize a strong gathering this week. In fact, Ambrypto analysis covered the main factors that can affect this movement.

Open benefits screws of $ 400 million – bullish momentum or trap?

Bitcoin’s purchase has regained some aspects of hegemony, according to the Taker’s purchase/sale rate on Cryptoquant.

For the first time since April 17, the percentage recently increased above 1 – a sign of renewed confidence among merchants who put long jobs in anticipation of other gains.

This height was accompanied by an increase in the open Bitcoin attention.

The open interest, which reflects the total value of unstable derivatives in the market, increased from 33.3 billion dollars to $ 33.7 billion.

A height of $ 400 million means that more contracts have been opened in recent days. The rise in open interest, in addition to the appreciation of the price, may mean that these new contracts are mostly buyers.

Caution – Is correction on the horizon?

However, there is hunting. While the rise in open interest contributed to the recent price gains from Bitcoin, it also carries the risk of sharp decline.

In fact, Bitcoin’s open interest scheme revealed that the previous decreases of 20 % to 25 % led to a decrease in prices between 7 % – 21 %, which prompted the original to corrective stages.

This means that Bitcoin may approach such a stage. At the time of writing this report, Bitcoin acquired only 1.96 %, and any sudden clouds can withdraw the original by up to 20 %.

An instant market trading activity analysis is alluded to a general consensus between immediate traders and derivatives. In fact, tThe purchases of the OTAL Spot market this week amounted to $ 629 million from Bitcoin.

This purchase pressure from immediate traders may have helped prevent the original from declining to less than $ 100,000 this week.

If this trend for continuous purchase continues during the weekend, it may inspire more long positions in the derivative market – which increases bitcoin opportunities in the assembly.

Low stroke flow, can Bitcoin eye be 112 thousand dollars?

Bitcoin exchange flows – which tracks the amount of BTC investors deposits on stock exchanges – has decreased significantly.

The numbers of the same thing indicated that after it decreased steadily from the highest level this week, the flow levels now reached the lowest point per year.

This sharp decrease may also mean that investors choose to keep Bitcoin, rather than preparing for sale. This behavior usually involves a long -term thunderbolt look.

Support for a one-day bitcoin scheme analysis, the idea of ​​an imminent gathering-to a strong move to the upward trend.

At the time of writing this report, Bitcoin was trading in a similar triangle – a typical introduction to the teams. On the price chart, BTC appears to approach the main resistance level at $ 106,141 as well.

A successful collapse after this level means that the next main resistance is within the upper limits of the triangle style.

If Bitcoin rises to this level, it is likely to regain its highest level ever, which is $ 112,000.