Does the bull of money lose?

The recent price of Bitcoin tells the story of the resistance mixed with caution. After briefly crossing the long-awaited Mark of $ 100,000, he withdrew, reflecting BTC’s struggle to hold his foot. Gleznode, a prominent data provider, made a significant RevelationUnlike the previous bull runs, this cycle does not apply to wild raids and downs; Instead, he shows a more controlled pace, and the long -term holder remained strong. Here is more insight into this trend that is changing and why it differed!

Why this running bull is felt different

In the past cycles, Bitcoin’s price jumped suddenly after hitting new top-notch heights, fueled by explosive demand and extreme volatility. But this time, the realized ratio of Hodl (Rhodl) reveals a shift – new demand comes in burst, not in the waves, and the wealth held in older coins is much lower. This suggests that even though interest is there, it is not as aggressive as before.

Volatility also took the back seat. While previous bull markets saw that the prices of Bitcoin reached more than 80%to 100%, this cycle was relatively calm and volatility remained below 50%. Bitcoin seems to mature, trade more like traditional property with structured prices, not dramatic rush.

If we see the trend of 2024, Bitcoin touched his first ATH in March in March almost 2 months after the approval of the ETFS one month before he halved. The Billish scene has already been set up because Utah has become the first US state to bring the proposal of the law to invest public funds in cryptocurrencies, the other countries will soon follow that. Adding, investors like Robert Kiyosaki who buy Bitcoin, despite the fall, show how safe it is to invest in Bitcoin, not traditional property. This shows that good times are approaching Bitcoin if it manages to stay strong on a variable global scene

Key price levels to view

Currently Bitcoin hovering around key support levels. If it manages to stay above $ 95,869, one could refuse and test a turning point of $ 100,000. The breaking of this psychological barrier could start a new wave of shopping, pushing the price even more. But if Bitcoin drops below $ 95,869, there is a risk that he could drop to about $ 93,625. This could cause panic sales, as investors are in a hurry to reduce their losses, which led to greater pressure down to the price.

In short, Bitcoin’s trip is not about explosive gains overnight. It is a slower, more durable climb, with opportunities and risks along the way. While many are afraid of further fall, many analysts see this as a bigger change to buy bitcoin under 100k. Analysts like Planb point out that Bitcoin profits usually occur during the red periods, lasted 6 months ago 18 months after halves. Currently, in the red period, he suggests that we have 9 more bumpy months (February -Oct).