Bitcoin feelings become upward in the hope of returning to $ 110,000 star-news.press/wp

Blockchain Analytics says: Curricula are increasingly ups on social media due to Bitcoin’s chances of recovering $ 110,000, but the increase in optimism is not always a good sign.

“It is quite clear that the crowd has started to exceed the potential market value of $ 110,000+ bitcoin,” said Brian Quinvan, an analyst in Santint Brian Quinvan.

Al -Bitcoin’s upward comments rise to a height of three weeks

Santiment data shows that for each bitcoin (BTC) comment, there are now 1.51 emerging comments – the highest feelings of feelings in the past three weeks. Data has been withdrawn from multiple platforms, including X, Reddit, Telegram, 4chaan, Bitcontalk and Farcaster.

Although the increasing feelings may seem positive, Quinvan warned that similar nails in the optimism of traders were followed by bitcoin drops on June 11 and July 7.

He said: “As we know, the prices move in the opposite direction of the crowd’s expectations, as the retail sale is always money from excessive emotional decisions.”

Queenvan referred to the trading activity on Monday, as a rise coincided with the biological comments with Bitcoin up to a local summit of 109,595 dollars, before leaking quickly to $ 107,681.

“We have seen clear signs that the retail sale was buying the growing momentum of the Bitcoin price,” he said.

“Moderate declining” on the table for Bitcoin before a new height at all

Quinlivan most likely believes that Bitcoin will see a “moderate decline” before it gave up its highest level at $ 111,970, which it reached on May 22. Bitcoin is trading at 108,791 dollars at the time of publication, an increase of 2.84 % over the past seven days, According to To CoinmarketCap data.

Quinlivan also noted that the Bitcoin whale governor – those between 10 and 10,000 BTC – showed a little modern activity, may indicate caution in the market.

Related to: Bitcoin gained 72 % and 84 % in the last twice of BTC holders, they did so

“At the present time, this port was somewhat suspicious,” Queenvan said, adding that the whales sold 14,140 BTC last week.

“When they accumulate, prices often follow closely. When you get rid of them or even temporarily stop accumulating, they often indicate that market values ​​through encryption may see some declines.”

However, he emphasized that the long -term trend is still optimistic, pointing to six months of the accumulated accumulation by whales and sharks.

The total opposite wind is waiting for us

Javier Rodriguez Alackon, chief trading official at XBTO, told Cointelegraph that many upcoming events can test the flexibility of the total encryption market in the coming weeks.

While his previous concerns about the deadline for the American tariff linked to US President Donald Trump have eased after its delay until August 1, Rodriguez Alarin has highlighted other macroeconomic factors that still affect the path of bitcoin.

He said that the launch of minutes from the Federal Reserve Development Committee on Wednesday may have an impact on the broader encryption market and cause “the large winds of risk assets.”

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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.