key takeaways,
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The $ 124,500 of bitcoin is unlikely to be high cycle, all 30 peak indicators are still neutral.
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Recent disadvantages suggest that new investors are seen as experienced holders.
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Bitcoin’s route is open to $ 150,000 due to 20-week caught above the EMA.
Bitcoin (BTC) retreats from its record height is worrying whether the market is already at its peak for 2025. But according to the so -called “$ 124k top”, there is nothing “noise” in addition to “noise”, which is according to the trader.
30/30 indicator signal is more space for increase in bitcoin
One in Tuesday postMeriz insisted that none of the 30 of bitcoin have been widely followed by a peak indicator.
Historically, Bitcoin bicycle tops have combined with many “overheating” signals in the famous onchain tools.
For example, Puel Multiple, which spikes the miners while earning high revenue, is seated only at 1.39, which is below the 2.2 danger area seen before the previous price peaks.
Similarly, the MVRV Z-score, which compares the price of bitcoin to its actual capital flow, lives in the neutral region, rather than overheated that marks the previous tops.
Experienced BTC holders are present
The on-chain data supports the visible visual, in which a classic capitulation phase is running.
According to data shared by the analyst, the latest bitcoin investor -holding the BTC for less than a month -is sitting at an average untrue loss of about -3.50% and now selling. Crazzyblockk,
Conversely, the broad short -term holder (STH) Kohrort, which has been held for one to six months, is beneficial with a total untrue benefit of +4.50%.
“This is a rapid structural development,” Crazzyblockk writes, adding:
“The market is purifying its weakest hands, transferring holders with low cost base and high punishment to its BTC […] This shakeout, while is painful for recent top-border, is the exact same event that forms a strong support base for the next important step. ,
BTC Longs liquidation of $ 70 million
Onchain analyst Amr Taha ahead logic In favor of a recovery, BTC priced below $ 111,000 at the price of BTC citing a $ 70 million flush after the recent BTC price.
Open interest (OI) fell significantly after the liquidation incident. Binance Cumulative Net Taker Volume fell by approximately $ 1 billion, indicating aggressive sales-party dominance and capitulation between late buyers.
The next cluster of liquidity is around $ 117,000- $ 118,000, which can serve as a price magnet when the BTC recover in the coming days. Below, there is limited support to about $ 105,000.
Taha writes, “Overleverage buyers were removed and with open interest reset, the market is structurally healthy,” Taha writes:
“The absence of a small squeeze suggests latent reverse capacity, especially if the BTC rebukes the major levels and triggers low covering.”
Can bitcoin price still fall $ 100,000?
On the weekly chart, the pullback of bitcoin looks less like a market top and is more like a classic bull market reform.
From the beginning of 2023, BTC has repeatedly posted a sharp drawn in the 20–30% range before resuming its uptrend.
The latest 12% decline is comparatively shallow and still sits above a 20-week-out-averaged average (20-week EMA; Green Wave) near $ 108,000, a level that serves as a dynamic support throughout the rally.
A rebound from the 20-week EMA can put bitcoin back on the track to challenge all time above $ 125,500, while keeping the door open for a comprehensive rally towards $ 150,000 when not exceeding by the end of 2025.
Connected: The strategy purchases $ 357m in bitcoin because the price falls up to $ 112k
Conversely, a breakdown under the 20-week EMA can lead to a deep improvement towards the 50-week EMA (red wave) near $ 95,300. The wave support has historically marked local bottles of bitcoin during the Prior Bull Market Pulback.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
