Bitcoin’s price fluctuations ahead of schedule: Will BTC collapse or rally? Analyst weight

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While Bitcoin (BTC) continues to remain stable over the $80,000 medium-term range, analysts predict that leading cryptocurrencies may soon experience significant volatility. That is, most analysts predict potential price rally for APEX digital assets.

Prepare to experience a lot of fluctuations in Bitcoin

In an encrypted QuickTake post, contributor Mignolet stressed that about 170,000 BTC has recently moved from a 3-6-month holder group. Historically, such a large movement of this group was often significant before the price fluctuated.

Mignolet shared the following chart and pointed out that spikes in BTC movement from 3-6 months of cohorts often lead to an increase in price fluctuations. It is worth noting that the green box indicates an upward price movement, while the red box indicates a decrease in price.

Several crypto analysts shared their insights on the latest BTC price action based on on-chain metrics and technical charting patterns. For example, experienced crypto analysts cryptocurrency analysts have observed the implementation prices of short-term holders (STH) vs. long-term holders (LTH).

According to analysts, STH is currently mostly red, with a price of about $92,700 in realization, while LTH has a price of $26,500 in realization, meaning they earn more than 200%.

Crypto Masters add that whenever there is such a huge gap between STH and LTH, it usually paves the way for severe price fluctuations. They concluded by saying, “Weak hands either fold or we tear them higher.”

Experienced crypto analyst Ali Martinez offers an optimistic view of potential BTC price action based on chain analysis. The analyst noted that over 15,000 BTC had been withdrawn from crypto exchanges over the past week.

For BTC, low exchange reserves are usually bullish because they believe investors prefer holding rather than selling at current prices. In addition, exchange balance is reduced strengthen The supply of assets is scarce narrative.

Analysts predict BTC reversal in the near future

Another analyst, TED, has attracted attention to the correlation between BTC and the global M2 currency supply. According to Ted, Bitcoin is track Global M2 growth was 108 days, indicating that the potential trend reversed as early as May. The analyst further added:

I think in the next few weeks, BTC can solidify $75K-$90K. During this time, retail will likely panic for sale, and smart money will accumulate.

Meanwhile, recent Crypto analyst Titan statement The merger of BTC at the $83,000 level could set the stage for the rally to $135,000. At press time, BTC traded at $84,553, up 0.5% over the past 24 hours.

Featured images from unsplash.com, charts from cryptoFuant, X and TradingView.com

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