Market Analysis by Investing.com (Günay Caymaz) covering: Bitcoin, Ethereum US Dollar. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Bitcoin ’s consolidation at $92,400 support hints at the potential for renewed momentum toward $100K. Bitcoin
The past week’s movements reveal a complex interplay between selling pressure from long-term investors and fresh buying activity. While whales have capitalized on the rally, selling significant portions of their holdings, blockchain data tells a bullish story. External wallets show growing Bitcoin reserves, while centralized exchanges report declining BTC balances—suggesting many market participants remain optimistic despite temporary headwinds.
Short-term support rests at the 8-day EMA near $95,000, which has consistently held during pullbacks. On a broader scale, Bitcoin remains within a rising weekly channel. The upper boundary at $105K aligns with the Fib 2.618 extension, serving as a potential top for the next leg up. But that’s not all—our AI-powered analysis delivers several stock recommendations every month, tailored to help you make smarter, faster decisions.This article is for informational purposes only and does not constitute financial advice or a recommendation to invest. Cryptocurrencies are inherently volatile, and any investment decision carries risk. Always conduct thorough research and consult a financial advisor when necessary.
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