Analysis: If BTC price breaks through $116,000, it may revive the upward trend
Show original
Jinse Finance reported, according to charts released by Glassnode, that Bitcoin is currently consolidating within the $104,000 - $116,000 range, with investors showing clear signs of accumulation. Data from the futures market and ETF capital flows indicate a cooling in demand. Analysis points out that if the price can break through the $116,000 resistance level, the upward trend may resume; however, if it falls below $116,000, there is a risk of a pullback to the $93,000 - $95,000 range.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$111,008.88
-0.47%

Ethereum
ETH
$4,423.78
+1.01%

XRP
XRP
$2.85
-0.46%

Tether USDt
USDT
$1
+0.01%

BNB
BNB
$849.26
-0.65%

Solana
SOL
$207.96
-1.40%

USDC
USDC
$0.9999
+0.01%

Dogecoin
DOGE
$0.2163
-0.31%

TRON
TRX
$0.3391
-0.28%

Cardano
ADA
$0.8203
-1.64%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now