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Bitcoin's level on the series was historically as limits for bear markets. Here is the current price of this line.
Bitcoin is higher than the price achieved for all major regiments now
In new mail On X, the founder of Cryptoquant and CEO Ki Young JU discussed the price currently the currently achieved price of some important investor groups in Bitcoin.
The “achieved price” here refers to an indicator on the series that tracks the basis for the cost of the normal investor on the BTC network. When the instant price is higher than this scale, this means that their owners as a whole are in a state of profit, while it is subject to the index indicates the dominance of the loss.
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Now, here is the indicator graph that young Ju, which shows the trend in its value for four Bitcoin groups:
As visible in the graph above, Bitcoin is higher than the price achieved for all these groups at the present time, so all its members will sit on some unrealized gains.
Historically, the average cost of these dust has had some importance to the encrypted currency. From the graph, it is clear that the price has generally followed a bullish path whenever it is higher than the price of new whales (orange colored).
The new whales, also called the short -term whales, refer to the BTC investors who have bought their coins over the past 155 days and carry more than 1000 BTC. The price currently achieved is 89,300 dollars for this group, which means that BTC may be at risk of re -testing in the near future if the course continues.
The potential decrease below the level, though, will not immediately indicate a shift towards the bear market; It will only mean a lack of momentum behind bitcoin. The level that BTC may have to avoid falling in order to avoid the declining system is the whales of miners (green).
Whales from miners indicate the governor For the mining companies you hold More than 1000 BTC. The encrypted founder explained that BTC drowns under the mark during the last two sessions that led to the bear markets.
Nowadays, the price achieved mines is located at $ 58,000. From the current price, Bitcoin will have to pass by a decrease of approximately 40 % in order to approach the re -test of this line. If the level will work again as limits of the bear market in this tournament, BTC may be considered at a safe distance at the present time.
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While the original tends to see periods of separators above and under the basis of the cost of three dust throughout the course, it has never been broken under the price of the fourth group, old whales or long -term whales.
These whales, which have been keeping bitcoin with more than 155 days, have the average acquisition level at about $ 26,000 at the present time.
BTC price
Bitcoin witnessed a decrease below the level of $ 94,000 yesterday, but it seems that the currency has already found a recovery because its price has now returned to 96200 dollars.
Distinctive image from Dall -e, Cryptoquant.com, Chart from TradingView.com