Bitcoin holds 112 thousand dollars – the market is still calm but optimistic star-news.press/wp

Main meals

60 % mining factor balance and trend support maintains a intact bullcoin bitcoin structure. Meanwhile, the NVT ratio and the rise in open activity decreased health activity and increased volatility.

Bitcoin (BTC) The balance of demand for mining workers’ demand decreased by 6 % of its highest levels ever, as it oversees 60 %. This means that the demand is still exceeding the version, although the margin narrows.

At the time of the press, Bitcoin was traded at $ 112.306, which reflects modest flexibility despite the weak demand for the network. The balance of 60 % indicates a sufficient activity to absorb the pressure pressure, however the decrease indicates caution.

However, the demand does not collapse, leaving bitcoin in a neutral area. So the market remains fixed, but investors may need to confirm other indicators to measure sustainability.

Bitcoin price bears higher than the trend line

The price of Bitcoin continues to respect the rising trend line, providing decisive support for the continuous bi -up. The bounce near $ 107,000 confirmed this level as a strong defense zone.

Currently, the price has regained $ 112,000 and sits on Bolinger’s ranges, indicating a healthy recovery. Resistance levels reach $ 117,000, followed by $ 122,000 and 124,000 dollars, creating obstacles in the short term.

However, a break less than $ 107,000 can offer the price to $ 104,000 and lead to a stronger sale. Thus, the trend line is still crucial in maintaining upward momentum.

Source: TradingView

The NVT ratio reflects a healthier strength on the chain

The value of the network value to transactions (NVT) decreased from 12.26 % to 26.90, which reflects the most correct transactions activity for the market value.

This decrease means improving the chain utility tool, which indicates that the value transferred via Bitcoin is expanding compared to evaluation.

Consequently, this reduces the possibility of estimating risk and builds a stronger basic support for the market.

Therefore, despite softening the demand for miners, the NVT trend helps in achieving a balance between morale. In fact, it enhances the situation for a more constructive look if the network activity continues to rise.

source: Cryptoquant

Expanding the expansion of open interests market mode

The open interest increased to 42.15 billion dollars, 2.66 % increased and highlights a renewed appetite across the derivative markets.

This expansion indicates that both long and short situations are adopted, often an introduction to higher fluctuations.

Moreover, high positions can lead to amplification of movements if the price collapses through the main support or resistance. Therefore, the futures market market has become an increasingly important engine for the price.

While this indicates confidence from the participants, it also increases the risk of liquidation if the feeling suddenly turns. Thus, stability depends on maintaining current support levels.

source: Cryptoquant

Can Bitcoin remain optimistic with caution?

Bitcoin’s view remains difficult with the formulation of miners balance, the trend line remains intact, the NVT ratio indicates, and the open attention is climbed.

These factors together indicate flexibility, although the risks are still if the demand weakens more or the direction line support collapses.