Crypto Money Analysis Platform Glassnode, Bitcoin $118,496.60He says that if the current market conditions continue, it can gain approximately 15 percent. In the last analysis published by the platform, the prediction that Bitcoin could reach $ 136,000 if it maintains its progress in a strong demand environment. While the current price is about 117,810 dollars, technical indicators and short -term investor behaviors are among the main elements that will affect the course of the market.
Role of Short Term Investors
The short -term investor cost base model used by Glassnode reveals the prices of investors who buy Bitcoin in a short time. The analysis emphasized that the resistance level, called +2 standard deviation band, is currently around $ 136,000. Accordingly, if the current rise tendency continues, the most important resistance point in front of Bitcoin is considered $ 136,000.
Glassnode: “If the current momentum remains strong, the next main resistance in front of Bitcoin is currently about $ 136,000.”
The platform also states that the profit rates of short -term investors are higher than the historical average. Since these investors are more sensitive to price changes, they have the potential to increase sales pressure in the upward movement of the market.
Market dynamics and sales pressure
According to Glassnode’s data, 95 percent of short -term investors are making profit from Bitcoin, which they are currently purchased. This ratio is seven points above the long -term average (88 percent). The high share of the investor at this level brings the possibility of increasing sales in the future.
Glassnode: “The profit of short -term investors approached extreme levels. This situation increases the likelihood of sales and profit realization.”
In the analyzes, if short -term investors’ rate of profit fell below 88 percent, it is stated that this may indicate a decrease in market demand. This is considered as a signal of a possible price correction.
Bitcoin recently exceeded the two major savings zones and reached new summits. It is stated that such increases are generally a strong positive momentum on the market. However, as the rate of profit of investors increases, the pressure of a possible profit realization is carefully monitored.
Bitcoin, which has a transaction value of approximately $ 117,810, can test new resistance points depending on market dynamics in the coming period. Analysts think that monitoring of trading signals will be decisive in investment preferences.
In the analysis, it was frequently emphasized that investors should evaluate the risks well. Due to the high volatility in the Bitcoin and crypto market, the importance of each investor’s own research is highlighted.
Although the rise potential of Bitcoin in the analyzes comes to the fore, it may pave the way for a possible sales pressure of short -term investors in profit. It may be useful for investors to carefully determine the purchase-sale points by closely following the developments in the market. In this period when the volatility in the market continues, especially the importance of risk management and monitoring market signals should be given.
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.