Bitcoin – Here is the reason that fear may give way to “two -month euphoria” star-news.press/wp

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Bitcoin was cooled to 111 thousand dollars after a peak 124,000 dollars with a rise in the dollar index. Topical flows recorded $ 44.6 million, however the exchange reserves fell and the bilateral CDD showed that the survival holders are fixed.

After Bitcoin (BTC) on August 14, he pushed it to the highest level ever at 124,474 dollars, and BTC goes down, forms low levels and lowest levels. At the time of the press, it was circulated at 111,086 dollars.

The basics indicate that liquidity was gradually accumulating, a development that could provoke a crowd.

Ampcrypto has analyzed many factors that can contribute to this potential upward wave.

Liquidity in dollars in height

The Broad dollar index, a measure that compares the value of the US dollar against other currencies, stopped its decline and climbed.

Historically, an increase in a wide range has been associated with liquidity flows in bitcoin, and often increases prices. In fact, he played a similar pattern in 2021.

Of course, this optimism raised the origins of danger.

Source: alphractal

Analyst Joao Weeson Make up This step reflected the “liquidity in dollars” that flows into origins such as bitcoin. According to him, the wide may build momentum in the coming weeks before mitigating.

He said that the market may witness “two months of euphoria”, noting that the current stage was just a “brief stage of fear.”

Alphractal’s Alpha Crypto Sentimnt Gauge has supported this opinion, indicating that the market remained in a neutral stage. Reading 54 means that any purchase activity or sale has paid a large price last day.

Ampcrypto also studied additional market standards to determine the potential price of Bitcoin in the coming days and where feelings may tend.

Immediate investors’ resumption of bitcoin

Immediate investors resumed the accumulation of bitcoin after a large sale of $ 243 million on August 26.

As of writing this report, this group of investors bought $ 47 million from BTC, indicating the gradual return on upward morale.

Source: Coinglass

This activity coincides with a decrease in bitcoin exchange reserves, with a decrease in central places to 2.55 million BTC.

After saying this, investors who convert currencies usually refer to private portfolios.

Long -term investors keep FiRM

The long -term investors feel flexible despite the last bitcoin withdrawal.

Data from Cryptoquant Binary currency days destroyed the printed scale 0 at the time of the press. This means that old coins remained asleep, which enhances the opinion that long -term holders did not sell.

Source: Cryptoquant

With more liquidity entering the market, driven by dollar flows into dangerous assets, both space and long -term spaces maintain a thunderbolt look, the conditions of a possible gathering are strengthened.