“Analysts Pointed to Three Key Resistance Price Levels That Could Shape The Cryptocurrency’s Near-Trend.”, – WRITE: www.coindesk.com
The First Key Level is $ 112,000, Identified by Swissblock Technologies. “AS Long As $ 112,000 Holds and The Risk Stays Stable, BTC Can Rebuild Strenguth,“ Swissblock Noted On X.
The FIRM’S PROPRAYTARY BITCOIN RISK INDEX AGGREGATES ON-CHAIN VALUATION AND COST-BASIS DATA TO GAUGE Market Volatility-Rising Readings Indicate Risk Aversion and Potential Pric. Suggest Bullish Sentiment.
On Monday, The Risk Index Hovered Near Zero, Signaling Optimism Despite Btc’s 1.7% Drop to $ 112.600 in The Past 24 Hours, with Prices Briefly Dipping As Low As Low As Low As Low As Low As Low As Low As Low As
Swissblock Also Highlighted $ 110,000 As A “Lifeline Support.” Historical Charts Reveal in the December-January Period, Buyers Strugmed to Hold Btc Above this Level, Marking It as A Significant Zone to Monitor.
The Third Crucial Support Is The on -chain Metric Known As the “Short-Term Holder Cost Basis,” Currently at $ 111.400.
Analytics FIRM GLASNODE DEFINES THIS AVERAGE PURCHASE PRICE FOR WALLETS THAT HAVE ACQUID Bitcoin with the Last 155 Days. This Indicator is Widely Regarded As A BattleGround Between Bulls and Bears – Prices Above It Generally Reflect Bullish CONVICATION. In Contrast, Sustaned Trading Below It Cold Signal Increated Risk of Sell-Offs or A Shift Toward a Bearish Market Structure.
“Sustaned Trading Below This Level Could Signal A Shift Town a Mid- To Long-Term Bearish Market Structure,” Glassnode Explained on X.
Together, These Three Levels – $ 110,000, $ 111.400, and $ 112,000 – Form A Delicate Support Zone that Traders Are Closely Watching As Bitcoin Navigates Tiis Volatile Phase.
The on -chain Perpetuals Market is Experienceing A Majoor Shake Up As Hyperliquid Cedes Ground to Competitors.
- Hyperliquid’s Market Share Collapses to 38%, Ceding Gund to Lighter and Aster.
- Lately, A War of Sorts Has Been Unfolding Between Hyperliquid and Aster.
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