Is this last decline in this BTC before another height at all?

Bitcoin faced a slight rejection of the decisive resistance range of $ 111,000, heading south by many major. However, the price is likely to suffer from a corrective stage, and it is expected to find support soon and another flowing boom begins about 111 thousand dollars.

Technical analysis

By shayanmarkets

Daily chart

BTC faced a slight rejection in the main resistance area, which is worth $ 111,000, indicating profit by market participants at this critical level. However, the price has now entered a gap in the daily fair value (FVG) between 106 thousand dollars and 108 thousand dollars, which is a region usually linked to strong demand and benefit to purchase. This region may provide the necessary support to stop the current corrective stage and lead to a bullish reflection.

If Bitcoin is able to stick to this FVG, the price may soon resume its upward momentum, which is likely to start a new impulsive march towards an altitude of 111 thousand dollars at all. However, the collapse of less than 106 thousand dollars to 108 thousand dollars from 108 thousand dollars would increase the possibility of a deeper correction, with the appearance of the level of 100 thousand dollars as the next major support.

In general, BTC remains a successive support between $ 100,000 and a resistance of 111 thousand dollars. While the collapse of any of the borders can lead to a major directional step, the current market structure indicates a higher possibility of an upright movement in the end, and perhaps the highest new level ever in the coming months.

The graph for 4 hours

In the time frame for 4 hours, Bitcoin faced rejection of the critical request block near the level of 110 thousand dollars, reflecting the renewable sale pressure. This rejection began to decline in the short term, which prompted the price to the main support area.

This area includes a 4 -hour demand block ranging from 106 thousand dollars and 105 thousand dollars, which coincides with a possible re -test of the previously broken bullifier. A successful withdrawal to this area would verify the validity of the previous penetration and pave the way for the renewal of difficulty. This step can indicate the beginning of another upward motivation towards an unknown area above $ 111,000.

However, the basic procedure around this support area is very important. If Bitcoin fails to retain this level and the request for requests collapses, the upscale romantic scenario will be nullified in the short term, which increases the risk of correction to the support level of $ 100,000.

Series analysis

By shayanmarkets

The last activity on the series indicates a state of reinforcement of the continuation of the emerging genetics of Bitcoin, as the main measures showed a decrease in exchange supplies and increased confidence in long -term investors.

Data from Binance, the largest exchange exchange in the world, reveals a noticeable trend: since June 6, more than 7000 BTC has been steadily withdrawn from the platform. This consistent external flow, which is evident from a series of negative Netflow days, indicates that investors are increasingly choosing to transfer their holdings to cold storage instead of keeping them on the stock exchanges for immediate trading.

This behavior usually indicates a shift towards long -term reservation and reduces the size of the bitcoin available easily for sale, which reduces the pressure of the sales side in the market.

This development coincides with the increase in accumulation of long -term holders. Together, the combination of the large outflows of BTC from Binance and the long -term accumulation draws a bullish image. With fewer metal currencies available for trading, sales pressure, and renewable investor confidence signs, the broader scene indicates the series and technology to a positive preparation for the continuous Bitcoin movement.