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Bitcoin market periods are often misleading. In fact, when volatility collapses, it gives way to brutal movements of amplitude, capable of surprising both experienced investors and short -term speculators. Today, several technical indicators are proposed by a scenario similar to a scenario in August 2023: a temporary decline in BTC before a major reflection that could increase it up to $ 85,000. The cryptocurrency analysis shows that current market conditions resemble the last configuration, where extended stagnation has led to massive disposal of positions before retreating with a strong upward trend.
The market waiting for the direction of Claire
The current development of bitcoin is characterized by sustainable lateralization, characterized by reduced volatility and lack of Frank Trend. The CHOPPINESS Index, an indicator that measures the level of market indecision, shows a high level on daily and weekly graphics. According to the analyst of the cryptocurrency, Percival suggests that the market is at the intersection and that there is a risk of sudden movement. “Our Choppiness Index is unstable (62 and 72), which means that it must enter the trend that suggests a more aggressive movement in one or the other.”
Last year, a similar configuration preceded the correction movement in front of the bull. In August 2023, volatility suddenly reappeared and swept the position of merchants online before retreating to the extended increase in the price of BTC. This time again, the differences between the high and lower points of the consolidation range are 16 %, a signal that strengthens the possibility of the immediate phase of acceleration.
Passage to $ 85,000 before the new flight?
If the hypothesis of a false trip mines, observers are particularly monitored by two technical levels. The first key threshold is $ 92,000, which corresponds to the average cost of the short -term holder (STH). This level historically served as support in previous bull cycles. But in the event of a break, another stabilization area is around $ 85,000, an area where the exponential mobile average (EMA) in 200 days could offer the reflection point.
According to Percival, the market could try to clean speculative positions before the new bull phase. “The possibility of misleading movements before the bull is high. Many traders are located in these areas and the market tends to dispose of these positions before returning to their expected course, ”said Percival in the publication of February 17, 2025. BTC to new heights.
Despite these prospects of correction, material signals remain largely bulls. The structure of the bitcoins market has never been so strong, with increasing support of institutional investors and constantly growing demand. In addition, SOPR STH, an indicator that measures the profitability of short -term holders, has published the level of close levels observed before the previous Hussiers gatherings.
If the sales pressure caused a temporary decline, long -term investors could see an accumulation opportunity before a possible new historical summit. However, the measure remains fine: the markets tend to surprise and the departure of violent storage could create a temporary panic before buying buyers. In this context, the development of the derivative market, levers and global investors will play a decisive role in confirming another main bitcoin trend.
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Graduate of Science after Toulouse and holder of Blockchain Consultant Certification, published by Alyrou, joined the adventure of Cointtribuni. The general public about this constantly evolving ecosystem. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.