Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin LTHs Hit 5-
Month High
in Selling,
but BTC’s
Rally Stays Strong
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is on the verge of reaching a historic milestone, with its price
inching closer to the coveted $100,000 mark. This remarkable rally has fueled
optimism among investors, signaling Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s continued dominance in the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market.
However, despite the bullish outlook, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is not entirely immune to
potential bearish pressure. The backbone of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price stability —
long-term holders (LTHs) — appears to be wavering, raising concerns over
possible downward movements in the near term.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s Support Is Wavering
Sponsored
Sponsored
Long-term holders of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin have recently shown signs of bearish sentiment.
The HODLer net position change indicator, which tracks the behavior of LTHs,
has turned negative.
This shift indicates that a significant number of long-term investors are
taking profits by selling their holdings. Negative values on this metric often
signal a reduction in confidence, which could put pressure on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price
.
Since LTHs are considered the backbone of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price, their selling
activity has the potential to disrupt market momentum. These investors
typically hold assets through market fluctuations, contributing to price
stability.
When they begin to sell, it can lead to increased volatility , and if the
trend continues, it could trigger a price correction. This potential selling
pressure is something that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin investors are closely monitoring,
especially with the $100,000 threshold so near.
Sponsored
Sponsored
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin LTH Net Position Change. Source: Glassnode
The broader macro momentum for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin remains strong despite the short-term
bearish sentiment among LTHs. A key indicator to watch is the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Network
Value to Transactions (NVT) Golden Cross, which is currently sitting in the
neutral zone.
While it’s not yet in the bullish territory (under -1.6), the NVT Golden Cross
is an important signal for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s future price movements. Historically,
when the NVT indicator enters the bearish zone (above 2.2), it has often been
considered a short signal for the market.
However, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has not yet reached this bearish zone, giving it room for
further growth. The NVT Golden Cross is still a positive sign, indicating that
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has enough momentum to rise further before any potential downturn.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin NVT Golden Cross. Source: CryptoQuant
As long as the indicator remains in the neutral zone, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has the
opportunity to push towards $100,000 without facing immediate significant
bearish pressure.
BTC Price Prediction: Making History
Sponsored
Sponsored
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price is moving at $96,572, inching closer to the historic $100,000
mark. The cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта has seen significant upward movement in recent weeks,
spurred by institutional interest and increased adoption. If the current trend
continues, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is poised to break through this psychological barrier,
reaching a new all-time high of $99,595.
Should Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin break the $100,000 mark, the next target• Объект организация » Организации по алфавиту » Организации на Ta » Target Corporation could be $120,000. A
successful push above $100,000 would likely trigger additional buying pressure
from both retail• Объект организация » Организации по алфавиту » Организации на Ta » Target Corporation and institutional investors. However, the potential for
profit-taking from LTHs remains a concern, as any significant selling could
cause a temporary pullback. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price Analysis. Source: TradingView
Despite the short-term concerns, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s overall trend remains positive, and
the recent NVT Golden Cross suggests that the path to $100,000 is still
achievable. As long as Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin maintains its position above key support
levels, the long-term outlook remains bullish.
While LTH selling could create some volatility, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is likely to continue
its upward trajectory in the coming months, barring any major market
disruptions.
Best crypto platforms in Europe | November 2024
YouHodler Explore
Bitpanda Explore
Coinbase Explore
BYDFi Explore
Margex Explore
Best crypto platforms in Europe | November 2024
YouHodler Explore
Bitpanda Explore
Coinbase Explore
BYDFi Explore
Margex Explore
Best crypto platforms in Europe | November 2024
YouHodler
Bitpanda
Coinbase
BYDFi
Margex
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for
informational purposes only and should not be considered financial or
investment advice. BeInCrypto is committed to accurate, unbiased reporting,
but market conditions are subject to change without notice. Always conduct
your own research and consult with a professional before making any financial
decisions. Please note that our Terms and Conditions , Privacy Policy , and
Disclaimers have been updated.