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Bitcoin shows homogenous differences on multiple time frames, indicating weakness of a potential lace momentum and decline.
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Some traders expect more than $ 112,000, but increased pressure and liquidity sales indicates that collapse are traps.
Bitcoin (BTCThe price rose to $ 110,500 on Thursday, but the cryptocurrency faces a ceiling, as multiple different operations flabby over different time frames.
In plans of 15 minutes, two hours and four hours, technician analysts reported the differences, as the price continues to rise during momentum indicators, such as the direction of the relative strength index. This indicates the weakening of the bullish motivation, which raises the risk of retreat in the short term.
Zoom to one day graph enhances a cautious look. In May, a clear declining difference between price indicators and momentum indicators appeared, in line with the highest level in Bitcoin ever of $ 111,800. Although BTC has briefly decreased to less than $ 100,000 since then, the difference remains intact, indicating that the basic declining pressure may still have an effect. The immediate goal below remains between 107,500 dollars and $ 106,000.
This declining bias was strengthened after salaries in the United States, not cultivated on Friday (NFP) Data, That came in the heat of what was expected. While the work report initially helped BTC pay about $ 110,000, Bulls failed to keep this penetration. Rejection may indicate this main psychological level to exhaust at the highest levels of the current range.
Interestingly, the financing rates are still neutral. In the X, Vetle Lunde of K33 Research Duplicate Until the permanent futures financing rate is still fixed even with the BTC brushing for a high range at all. This lack of aggressive positions shows that merchants may not be fully convinced of constant penetration, which is in line with current technical differences.
Related: Bitcoin price has increased 80 % in the last time
Was Bitcoin to reach $ 110,000 for bull or bear?
Bitcoin also integrates slightly less than $ 110,000, traders are divided into the next big step.
Penantine pseudony subscriber The graph indicates that Bitcoin may be wrapped for $ 112,000 based on futures data. The preparation indicates the outbreak of the open interest in the price, which historically led to a higher goal.
while The market request was written It has begun to reflect the increase in the pressure pressure. A group of high sale has appeared around the $ 110,000 region, and it is usually a sign that investors may close the resistance sites. This corresponds to the last behavior near its highest previous levels ever, as it often attracts liquidity areas of exits.
Meanwhile, Trader Killxbt Duplicate By that Bitcoin was carrying out liquidity scannings over resistance levels and less support, just for the other -fast. These fake parts are often designed to expel the parking lots before a real directional step is revealed.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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