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Is Bitcoin in the “least bullish phase” since November 2022 a golden opportunity to buy the BTCUSDT DIM? With the price of Bitcoin consolidating between $ 83,000 and $ 88,000, the slowdown in BTC whales and bulls watching an escape greater than $ 90,000, are bulls ready to support?
On April 21, Bitcoin still consolidates himself, moving in a range of $ 5,000 between $ 83,000 and $ 88,000. This lateral movement follows a lower lower period, the most precious room in the world going from $ 109,000 in January 2025 to $ 74,500 in April 2025.
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Although the sellers are dominant, the upward trend of the fourth quarter 2024 is valid. Most bulls expect the price of bitcoin to get back into upcoming negotiation sessions, transporting capital to part of the Present the hottest in 2025. These forecasts are maintained as long as Bitcoin remains above its summits in 2021, rejecting attempts to decline more.
Cryptoques analysts note that, although the price of bitcoin is historic, well above the summits of the 2017 and 2021 cycle, the action of the BTCUSDT price has been in its “less bullish phase” since November 2022.
Referring to CryptocurrencyA tool to assess the feeling, analysts emphasize that reading fell to 20. In their analysis, this level is often associated with a lower investor behavior and a low probability of a short -term rally. In addition, the index has remained less than 50 for 99.5% of the last two months, the longest of this type from the 2022 bear market.
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In November 2022, Bitcoin and Cryptography Awards collapsed following the collapse of the FTX and several Hedge Funds Crypto earlier this year. Bitcoin fell up to $ 15,800, which led to the launch of some of the Best parts of meme Solana Like Bonk. However, this drop marked a price background.
Although the feeling has dropped and investors turned away from the crypto, it was a point of inflection. In a few months, Bitcoin displayed higher summits, reaching $ 50,000 in the second half of 2024 before extending the gains after the presidential victory of Donald Trump in November 2024.
If history is a guide and bitcoin is at the level of cycle, could this consolidation be the ideal moment to buy the BTCUSDT dip? Or more pain awaits Bitcoin holders?
From the BTCUSDT price action, the bulls struggled to break $ 90,000 and the sellers remain in control despite the general optimism. The last time Bulls exceeded $ 90,000 was in early March. Since then, the price of Bitcoin has fallen below $ 80,000 and has retested the heights of 2021. For the bulls to regain control, a fence greater than $ 90,000 is essential to catalyze demand and push prices over $ 100,000.
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There is hope. Cryptoques analysts observe that Bitcoin whales have slowed down their sale. The daily sales of the BTC large holders increased from 800,000 BTC at the end of February to around 300,000 BTC last week. This suggests that the capitulation can lie down, a positive sign for bulls.
However, for bulls to strengthen their position, accumulation must take momentum. Although the sale of whales has decreased, whale assets also dropped by more than 30,000 BTC during last week. In addition, their monthly accumulation rate increased from 2.7% in March to only 0.5%, the lowest since February 20. This drop indicates that confidence remains fragile, without firm conviction among major investors.
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The Bitcoin post in its “least increased phase” since November 2022: Buy the BTCUSDT DIP? appeared first on 99Bitcoins.
post url: https://altcoin.observer/bitcoin-in-its-less-upset-phase-since-november-2022-buy-the-btcusdt-berme/