A strong low -level Bitcoin rally in April $ 75,000 can be risked with a stop, since the resistance strip of $ 92,000–98,000 dollars. The popular analyst in the Capo market Crypto warned in a recent post that the current levels can represent the local upper and possible “LTF distribution”.
“Above 92 thousand – 93 thousand → bull, but strong resistance of 96 thousand – 98 thousand dollars. USA. Below $ 92 thousand → Bear,“Kapo noted, emphasizing Bitcoin with a high risk of a high level of reward. Its diagram additionally projects a potential “real surrender event” if the BTC deviates from this resistance and will not be able to hold the key support of about $ 92,000.
Metriki in the chain: long -term holders near peak profit
According to Glassnode, long-term holders (LPIS) -the, who holds BTC for more than 155 days-proceeds to a critical threshold of profitability.
The last report shows that the average unrealized profit for these owners will reach approximately 350%if the BTC reaches $ 99,900. This level is historically associated with large -scale distribution events where holders are sold.
It is noteworthy that over the past two months, the supply of LP has increased by 254,000 BTC. Despite their reputation, LTH demonstrated a clear tendency to make a profit near macro, as can be seen at rallies in 2021 and 2023.
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Market data: purchase coefficient coefficients
Taker purchase/sales coefficient has recently increased to 1.142, which is the highest level in its current range. This indicates that market participants are aggressively buying at a market price, do not expect failures; A clear sign of bull Fomo.
In addition, a sharp outflow of BTC $ 200 million from exchanges (according to whales) coincided with a breakthrough of bitcoins for $ 96,000.
This care, usually interpreted as whales, move coins into cold storage, reflect confidence and reduce immediate pressure on exchanges.
Bitcoin prices analysis
In accordance with the diagram below, BTC is shown in BB BB (BB), promoting the upper strip about $ 100,000, which is a signal of the dialing conditions, as well as the strong upward. Meanwhile, MID-BB support is based on about $ 90,000, which is consistent with the short-term bearish zone of invalid CAPO. If the price retreats to this area, the reaction will be critical.
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In addition, the RSI (14-day) is at 69.66, balancing on the bought. Historically, Bitcoin can advance much higher than 70 at parabolic rallies, but this also suggests that the rollback can follow if the bulls lose impulse.
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