Bitcoin witnessed a quiet weekend, after the massive fluctuation that was seen last week. The price remained decisive, closing about 96,500 dollars for a five -day brand. The bulls have lost control, unable to restore the level of $ 100,000, while the bears are struggled to pay the price to low -order areas. This tension highlights the uncertainty in the market as both sides failed to determine a clear direction for Bitcoin.
The main standards that Glassnode shares reveals an interesting difference in market behavior. The market value in Bitcoin reached its peak at $ 2.1 trillion on January 21, while altcoins (except Ethereum and Stablecoins) reached its peak early, at $ 1.03 trillion on December 8. Since these summits, Altcoins has shown more twice, with a significant decrease compared to a relatively stronger bitcoin. This difference indicates a shift in the preference of capital, where BTC investors prefer during these unsure times.
Bitcoin’s relative force has sparked the market fluctuations among investors, as many expected a possible recovery in the coming weeks. However, the price should come out of its current range to create a clearer direction. Currently, the market remains in a standard of unification, which leaves merchants and analysts closely monitoring the main levels of the next large movement.
Bitcoin leads the market amid uncertainty
Bitcoin continues to lead the market amid constant fluctuations and uncertainty, which carries a strong power than the main demand levels while most Altcoins face significant decreases. Despite the challenges, the bulls successfully maintained bitcoin above the level of $ 90,000, while maintaining its upper structure. However, the price procedure indicates that there is no clear orientation in the short term, as the market participants are preparing for more fluctuations.
Glassnode’s key standards on X Highlighting an important difference in market dynamics. Bitcoin’s market value of 2.1 trillion dollars on January 21, while Altcoins (with the exception of Ethereum and Stablecoins) reached its peak early, reaching $ 1.03 trillion on December 8. Since these summits, the maximum Bitcoin market has decreased by only 8.2 %, while Altcoins has decreased by 29.8 %. This difference emphasizes the shift in capital preference, as it seems that investors prefer BTC over ALTCOINS more dangerous during unconfirmed market conditions.
This circulation in the capital in Bitcoin shows the flexibility and perceived safety compared to the broader encryption market. With Altcoins struggling to find support and BTC to keep its feet above decisive levels, the market morale is increasingly tending towards BTC as a dominant origin.
However, in order for the bulls to regain full control, Bitcoin must restore the brand of $ 100,000 and create a stronger trend above its current scope. Until then, the market remains in a standardization stage, leaving merchants to closely monitor the main levels of potential penetration.
BTC is struggling to recover 100 thousand dollars
Bitcoin is trading at 97,750 dollars, days after 94,600 dollars and 100,000 dollars. The market remains in a state of frequency, with a short -term trend still unclear. He struggled to pay the price on the brand of $ 100,000, which is the main psychological and technical level, while the bears were unable to keep BTC less than the level of 95 thousand dollars, indicating strong support in this range.
In order to regain momentum and confirm a short -term reflection, the mark of 98 thousand dollars must be recovered as support, followed by a decisive batch above the level of $ 100,000. Fracture and preparation can indicate more than $ 100,000 to the start of a new march, which paves the way for testing its levels at all and the highest possible levels in the coming weeks.
On the negative side, if BTC loses 95 thousand dollars, the price may decrease to low -order areas less than 90 thousand dollars, where strong support can be tested. This is likely to increase the fluctuation with the battle of bulls and bears in order to control the market.
With both sides of the flexible market show, the coming days will be decisive in determining the direction of Bitcoin in the short term. Investors and merchants closely monitor these main levels of a more clear signal for the place where the market is heading after.