Main takeout:
Bitcoin short -term holders gain profits and rally opportunities to increase to $ 100,000.
Long -term holders have added 363,000 BTC from February, and new buyers have injected capital in April.
Bitcoin sales pressure risk is $ 97,000 and can sell 392,000 BTCs.
On April 22, Bitcoin’s (BTC) surge was more than $ 91,700 on April 22, higher than short -term realization price or cost standards. This means that the majority of short -term holders (STHs) are now profitable.
The STH, which returns to profit after unauthorized loss, has opened a way for re -examination of potential $ 100,000.
Historically, at the early stages of the assembly, STHS provided a company with a profit of profits and a new investor to provide an upward momentum. Bitcoin’s supply mapping showed a “powerful activity” from the first buyer in April, which represents a new capital injection at a higher price in the market.
Long -term holders (those who have more than 155 days) have increased 363,000 BTCs since February, while Bitcoin whales and sharks have absorbed 300%of the annual issue.
Despite this week’s price breakdown, Bitcoin researcher Axel Adler Jr. said that the last strong resistance remained for $ 96,100. In the X Post
“At the $ 96K level, there will be a final resistance of cohort-holding coins for 3-6 months, and then the next goal will open $ 100K.”
Related: Why is the price of bitcoin today?
392,000 Bitcoin can cause selling with $ 97K
According to BITCOIN’s cost -based distribution data, investors have about 392,000 BTC at $ 97,000 for an average cost to create potential resistance zones. This concentration suggests that many investors can potentially be sold at a time when they can stall the rising exercise of Bitcoin.
But anonymous merchant Ezy Bitcoin emphasized that Bitcoin’s price behavior is “beautifully played” in the Wyckoff Reactumulation stage. The chart shows three goals: $ 131,500 (target 1), $ 144,900 (target 2) and $ 166,700 (target 3).
This Wyckoff pattern shows the upward trend of Bitcoin because the market absorbs supply and prepares to rise.
Related: Bitcoin Price prepares ‘70% to 80% ‘gain with onchain metrics and spot BTC ETF inflow spike.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.