Bitcoin Market Structure Subscribe as cooling the Iz-Score replaces the top peaks

Bitcoin is facing critical resistance as they strive to break over $ 118,000, even after the solid market response to the Federal Reserve Report Revenow Report Ration Report. The decision was to waste hope by financial markets, and Bitcoin replied with more, emphasizing its role as a fence in changing financial viability. Analysts translate FED travel such as bullalyst to bullalyst, in conjunction with the Bitcoin may be pressing $ 125,000 in the coming weeks when buying pressure continues.

The highest analysis of the Axel Alal Rider is highlighted that BitCoin market shape still supports a healthy continuing. According to Adleer, just the lowest combination shows energy than weakness, as bulls protect higher lines and skipping sensitive. This behavior is usually than the decisive crack when momentum matches broad macro situations.

However, the uncertainty is sure. Fed’s average We have a constructive backrop, the absence of clear crack above $ 118K keeps higher flexibility. Traders are more focused on the fact that Bitcoin can keep its bias up and increase its assembly, or if another category of consolidation will appear before assessing higher areas. The coming times can prove a decisive decision.

Bitcoin Z-Score Signals for cooling, not weakness

Axel Adler explains that Iz-Score (LT MVRV, 365d) Falling under Zero is widely understood. Incorrect reading does not mean that long-term owners (LT) are sitting in a loss. In fact, Bitcoin Trading near $ 117,000 and LTE (RP) is around $ 35,000, Aggrove LT MVRV we stand in 3.3. As above prices showed profits, it is clear that LTH is always beneficial. The only difference is that the current benefit margin is less than 1 years rate, creating a policing sign rather than excessive.

This effect of healing is important because you show a healthy market shape. As outstanding brightness, z-score decrease in the new old findings, dynamic energy supported Bitcoin because you break more than $ 70,000. Coins purchased at high prices at the beginning of the year ripening in Lth Cohort, which attracts a significant price and presses excessive profits. This prevents extreme extremes from getting excessive in the market early morning.

Historically, spikes are sharp at the score-level associated with cycle peaks, as they reflect the bragging of LOTH and sell pressure. However, now, the pattern changes. The peaks are very low, smaller, and double, when new searching to market has reduced their impact. This suggests the appearance of a building where the Bitcoin can support high prices without obtaining the same heating conditions such as the previous cycles.

In other words, the current z-score system is not a warning sign but rather the symptom of stability. A combination of LTH benefit of LTH, controlled risk levels, and new points demanded in supporting backdrop to continue to continue, keeping the long-term bullish view.

Price Analysis: Resisting $ 118K still in use

BITCOIN (BTC) currently traded about $ 116,500 after checking a $ 117,100-$ 117,300, but continues to argue under $ 118K Mark. The chart indicates that BTC has been rising from the beginning of September, returns the 50-day SMA SMA and holds stronger than 100 days SMA (green), which is now active. The 200-day SMA (red), in the top, emphasizes the middle-time backish structure.

However, the yellow loop of a $ 123,217 highlights the resistance of the key, where the Bitcoin refused many times since July. The market is compiled below this Standard, suggesting that bullets require strong pressure to break. Continuous travel above $ 118K is likely to produce a way to a particular region of $ 123k- $ 124k, and when it is broken, it can open the road to the top.

In lowercase, the first support lies at $ 115,300 (200 SMAs in this time), followed by a powerful place at approximately $ 113,000. Holding up above these standards will keep the Bullish building.

Picture entered from Dall-e, chart from TradingView Sell

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