Bitcoin trading without the levels of historical bull market: multiple Mayer suggests that BTC is emerging with less than its value star-news.press/wp

Bitcoin maintains a $ 108,000 levels, while maintaining a bullish structure despite repeated failures in penetrating its highest level ever near $ 112,000. The price is unified in a short -term narrow range, and whatever the side breaks are likely to specify the tone of the coming weeks. This period of low fluctuations may be calm before the storm, as buyers and sellers prepare for the next main movement.

According to Cryptoquant data, the Mayer MOSTLE-is a classic indicator that measures the price of Bitcoin for the 200-day moving average at 1.1X. This places BTC in the “neutral” region (0.8-1.5X), which is much lower than the conditions that are usually purchased in the late stages of the bull market. Historically, readings of less than 1.5X indicate that Bitcoin still has great upward potential before setting speculative extremism.

Since the market is waiting for an outbreak, investors are closely monitoring this scale to confirm that BTC is still seized with less than its value compared to the previous bull cycles. If Bitcoin is able to retain its current levels and pushing it decisively, the neutral Mayer reading may be a starting platform for a renewed rise-but failure to go out may call for a wave of short-term sale.

Bitcoin holds a company amid mixed signals

Bitcoin Price has left many frustrating bulls, as the market continues at the minimum level of its highest level without a clear outbreak. After weeks of monotheism near the mark of $ 110,000, merchants regain a decisive movement. Although the structure is still intact, and support has retained more than 105 thousand dollars, failure to pay over the previous highlands can increase the possibility of a sharp correction, which may lead to BTC withdrawing less than critical demand levels that serve as a ground for the past month.

On the total front, uncertainty appears to be relieved. Conflicts in the Middle East end, and the US stock markets continue to develop new levels at all, indicating a renewed appetite for risks. However, not all signals are upward. High inflation and high American cabinet revenues have reinforced the regular risks, which makes investors alert.

Senior analysts Axel Adler It presented a more optimistic perspective, pointing to Mayer MONS- a time-tested model that compares the BTC price to its moving average for 200 days. The index currently sits at 1.1X, remains a firm indicator within the neutral area (0.8-1.5X) and is much less than the levels of the markets historically related to market peaks. Adler notes that this indicates that Bitcoin is still circulating with a discount on the previous bull markets, and it can have a large space for gathering if the momentum returns.

Through mixed macroeconomic data and a neutral assessment model, the next step for Bitcoin depends on whether the bulls can regain control. Clean interruption is likely to ignite higher than all stages, a new stage of discovering prices. But until then, caution prevails – long stalls BTC, the more likely to test the sellers.

BTC merges less than the mattress at all

Bitcoin continues to unify just less than its highest level ever, as it is traded at 108,474 dollars at the time of writing this report. The 3-day chart shows tightly compressed prices between the main levels, with strong support at $ 103,600 and resistance at $ 109,300-where the latter is tested over and over again during the past two weeks. This structure -related structure reflects the frequency where the bulls try to break a higher fracture, while the bears fail to restore control.

It is worth noting that BTC is still higher firmly higher than the 50 -day moving averages (blue), 100 days (green) and 200 days (red), indicating the strength inherent in the direction. The volume remains moderate, but it chose during the upward moves, indicating the continued purchase side of the support.

The longer the BTC is more than 105 thousand dollars and keeps this low -low structure, and the more likely the outbreak of an unknown area above 112 thousand dollars. However, rejection at the level of $ 109,000 can lead to another re -test of support areas. Momentum indicators, although they are not displayed, are likely to be anchored, in line with side action.

Looking at the range of narrowing and increasing tension between support and resistance, the decisive step is imminent. Traders must monitor a clean outbreak of more than 109,300 dollars or a collapse less than $ 103,600 – either set Bitcoin’s direction to Q3.

Distinctive image from Dall-E, the tradingView graph

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