Bitcoin enters a low risk system. The price may soon cross $ 115,000 star-news.press/wp

Bitcoin has witnessed a remarkable decline since its arrival to its highest level ever earlier this year. The cryptocurrency fell to less than $ 110,000 for a short period, which raised fears of constant pressure.

However, the current data indicates that the step was more than short -term fluctuations from the beginning of the long, long -term trend, which allows for recovery capabilities.

Bitcoin is safe

Risk signals in the Bitcoin market reduce. According to the Bitcoin heading, the risk signal is retreating, heading towards a low risk system. This shift indicates that the market conditions settled after weeks of volatility.

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Meanwhile, Bitcoin has been freed from the price pressure that was in its place since $ 124,500 ever. He confirmed the restoration of $ 110,000 at the end of this pressure area. With the weakening of the resistance, BTC now has a higher action space, which increases the chances of recovery in the coming weeks.

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The data on the series supports this view. Of 19.91 million BTC circulating, about 2.73 million coins are lost. This represents only 13.71 % of the offer, much lower than the historically associated threshold with the bear markets, as the losses usually extend to more than 50 % of the circulating bitcoin.

This indicates that bitcoin is far from surrender lands. Despite the recent declines, the vast majority of profit holders are still showing flexibility. The limited offer in the loss reflects a strong condemnation of investors, indicating that BTC has a solid foundation to withstand pressure on pressure and maintaining upward momentum in the near -term.

BTC price to continue its rise

Bitcoin is trading at $ 111,600 at the time of writing this report, under $ 112,500 resistance. The original wore 108,000 dollars earlier this week, which showed a renewed force. Maintaining more than 110,000 dollars provides stability, giving BTC the base you need to try to recover more in exchange for the prevailing market pressure.

If the current momentum carries, it is possible that Bitcoin will continue to climb. The collapse can open over $ 112,500, the path is about $ 115,000, which enhances the upward feelings. This step will confirm improving the market structure and indicating a renewed attempt to recover.

However, the risks remain if the pressure is filled. If Bitcoin fails to maintain momentum, decline to $ 110,000 is possible. In a deeper correction, the price can restore $ 108,000, which raises fears among investors about the potential weakness in the short term.