Glassnode, who also analyzes crypto assets, said that if one of Bitcoin’s critical support levels is broken, the market may experience a large -scale correction. According to the analysis, short -term investors who have acquired bitcoin in the last 155 days can sell their assets after the price of below $ 72,000. This also means great fluctuation for crypto currencies.
Bitcoin important levels
According to Glassnode’s statements, Bitcoin’s circulating average price is calculated based on the last price of assets. According to this method, the average value expected by short -term investors was determined as $ 93,000. In this range, the upper $ 131,000 and the lower boundaries of $ 72,000 stand out. In particular, it is expected to go below $ 72,000, it is expected to create a serious concussion in the trust of investor.
Glassnode: “The realized price of short -term investors is around 93,000 dollars. ± 1 Sigma Band covers the levels of 131,000 and 72,000 dollars.
Long -term crypto currency analysis
According to statements, Bitcoin’s long -term moving averages also play a role in support. The 111 -day moving an average of $ 93,000 and 200 days are $ 87,000. In addition, the fact that the 365 -day average has recently been tested around $ 76,000 gives a signal of changes in long -term market sensitivity.
Glassnode: “Bitcoin is under 111 DMA and 200 DMA. The test of 365 DMA may be a harbinger of a structural break in market sensitivity.”
In another analysis, other support levels of Glassnode also draw attention. BTC True Market Mean is $ 65,000 and the active Realized Price is $ 71,000. These levels are located just above low liquidity areas and are important to protect.
Glassnode: “BTC True Market Mean points to $ 65,000, the active realized Price points to $ 71,000. Breaking these levels of support can lead to high volatility and cause long -term investors to re -enter the market.”
Bitcoin is at the level of $ 78,888 and increased by 1.8 percent in the last 24 hours.
While the analysis argues that investors should be cautious about risk management, they also point out that there may be opportunities for purchasing if the price falls. Sudden mobility in the foreign exchange market may affect investor behaviors.
The prominent data in the analysis offer important clues to evaluate both short and long -term movements of the market. In this context, the protection of support zones and the monitoring of market movements are among the priority issues for investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
