Bitcoin is facing critical exams after a sharp but modest repairs since all areas, falls to $ 126,000 to $ 120,000. While bulls are always controlled, market feelings begin to show signs of uncertainty, while other analysts suggest that Bitcoin may close the cycle. Others, however, keep a more hopeful, arguing that the market is in the form of pricing and prepares for another high leg.
During this debate, the upper analyst of the dark has warned investors with a new wave that misleades the definitions. Social media reports sought more than 32,000 BTC, costing about $ 4 billion, has moved to Onchain from the Durmant Wallets for 3-5 years. However, black, clarify that this information is incorrect and appears in the understanding of the ICTCoin’s misunderstanding.
He explains that when tens of thousands of BTC are removed, the actual number transfer was very small, caused by a Bitcoin transactions. Darkfost’s clarification works as a reminder to approaching legitimate Inchain issues – especially during market market exchange where Fear and Euphoria can interfere with analysis.
Analyst specifies whale shaking data
The lighting of darkness by the confusion around the reported 32,000 BTC movement from the wallets that had previously done for years. He explains that the cop is involved – identified as the same seller BTC newly in hyperliquid to buy Ethc – only moved 3,000 BTC, not 32,000.
The confusion arises because the original whale is 32,321 BTC, which was not working for three years. As Bitcoin’s Oxcoin system does not allow part of part, all results should be dismissed just 3,000 BTC. After the transaction, the amount of money still hold 29,321 BTC, meaning that about 10% of the total balance actually changed your hands.
Darkfost confirmed that this address did not show anything from some years, in addition to violence. While large huge wallets sometimes they can sell pressure, he emphasized that Onchain should be carefully translated to do the work of the Haba market.
In this case, “great movements” is now a tradition of a Bitcoin transaction techniques, not a major sales indicator. Nevertheless, analysts and traders keep an eye on the same move, as occasional renewal addresses can resist the market fluctuations sometimes. Darkfost’s clarification serves as an important reminder that the context and technical understanding is important when an on-Chain data – especially in the case of the Crypto market.
Bitcoin hosts important support after a sharp pull
Bitcoin is currently trading about $ 122,700, indicates the stability after a sharp adjustment from all higher time near $ 126,200. The 4 hour chart reveals that BTC is successfully treated above $ 120,000 support, suggesting that consumers continue to protect key standards despite temporary fluctuations. The yellow line for $ 117,500 remains an important level – before resistance – now performs the main support of the structure when it is under consideration.
Temporary moving rows (blue and red lines) indicate that the price lasts more than 50 period of periods and 200 volumes, confirming the Bullish building. The latest bounce from $ 121,000 is dissatisfied with a solid demand for demand, more than one higher effort. If Bitcoin is exploding over $ 124,500, it can sign renamed the renewed pressure again for Athy $ 126,000 pregnant, which leads to the price.
However, the immediate rejection refuse can result in a deeper renewal in $ 120,000- $ 118,000, where the next component section can build. Overall, the chart shows that Bitcoin development is always strong, but the bulls need a maximum zoom above $ 125,000 to ensure continuity. The market seems to have a healthy building after the decline in bugs, preparing its next move.
Picture entered from ChatGPT, chart from Inarmeviic.com
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