Bitcoin outbreak is suspended, but the trend is still unknown star-news.press/wp

Main points:

• Bitcoin is still trading 18 days despite the collapse of less than $ 116,000.

• He left the cumin between the supporter of the quarter of the American organizers, the Trump administration, and the Bitcoin price traders feel anxious.

Bitcoin (BTC) was sharply sold on Wednesday after the release of the FOMC federal reserves and the Federal Reserve Chairman Jerome Powell, where the reason for the central bank election indicated that interest rates were not reduced. Prices recovered on Thursday after American stocks and encryption markets re -focused on the essentials offered and the longest -term impact of President Trump’s economic mandate.

Despite the sharp drop to less than $ 116,000, BTC continues trading in the range between 115,000 to 121,000 dollars, and has been operated over the past 18 days, and data indicates that the domain expansion is imminent.

Hyblock Capital analysts described the procedure of pre -FOMC prices as a pursuit of liquidity as a classic candle of 15m with Wicks appeared on both sides with market decline. ”Analysts referred to the Ratio Ratio scale by 10 % of the depth of requests to red, which increased the chance of clicking at the level of liquidation at $ 115,883.

Looking at the current filtering map of the BTC/USDT PERPS in Binance and bybit, the filter and the price range remain unchanged, with the short liquidation that exceeds $ 120,000 and risk the risk of liquidation to less than 115,000 dollars.

The book “Total Application Book (2.5 % to 10 %) of TRDR, the thickness of the sale of walls at 121,100 dollars, shows large bids at $ 111,000.

Price pressure expanded the domain of the negative side

On Wednesday, Cointelegraph analyzes suggested that Bitcoin price pressure The absence of the use of aggressive leverage in futures markets is signs that BTC is about to expand the range. At that time, Bollinger Bands also narrowed, with BTC trading higher than 20 -day moving average, prompting many traders to predict the upscale collapse.

Although the market has chosen targeting the negative liquidity of Bitcoin, many positive measures are still in place. The founder of Capriole Investments Charles Edwards said that bitcoin The locker buyer for each DAY has launched during the past six weeks, “with more than three companies buying bitcoin every day.” Edwards also indicated that “the cabinet you buy and sell it shows that” there is currently 100: 1 buyers for sellers per month. ”

Related to: The price of Bitcoin Returgets is $ 119K, where the cabinet bought 28k BTC in two days

It also resumed flows to Spot Bitcoin EtFs after witnessing $ 285 million in external flows last week. Data from Sosovalue showed that since July 23, the circulating investment funds have seen $ 641.3 million Netflows TotalAlthough the bitcoin price is sold.

The White House encryption report this week and the American leadership also put on Thursday in the speech of the digital financing revolution by the SEC Paul S. Speaker. Akins is a precedent by setting a clear set of policy goals for how the Trump administration and organizers intend to set the priorities of the coded currency sector growth in the United States.

Although their immediate impact may not be reflected on encryption prices, they determine the basis for a wider adoption and give institutional investors a sign to increase their allocations with confidence to Bitcoin and other cryptocurrencies.

In the short term, if bitcoin sellers continue to control the market, the decrease in prices to accommodate long liquidity in the range of $ 115,000 to $ 111,000 appears. For bulls, the most desirable result will be a strong width at $ 111,000, generating a significant increase in size to recover the range exceeding $ 116,000. The best result will include to involve future short places, as future cardiovascular diseases turn positively because buyers are pushing in both markets to secure a daily closure over a resistance of $ 120,000.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.