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The nearest Bitcoin support levels 🚀
💡 Bitcoin $BTC continues to surprise investors with its volatility, and in such moments it is important to know the key support levels that can play a role in price movement. Let's take a look at the important nearby levels that we should focus on! 👇
🔍 Short-term holders (1-3 months): Achieved price = $89.7 thousand. This price level represents the average price at which BTC was purchased by short-term holders (1 to 3 months).
📈 This group of investors often exerts a significant influence on the market. If the price approaches $89.7 thousand, it could become a strong support level due to active buying activity.
📊 Short-term futures holders' realized price = $86.8 thousand.
Another important level to consider is the price at which BTC was sold by futures holders in general.
💼 At these levels, sellers are usually less active, while buyers see an opportunity to enter the market. If the price starts to fall to this level, there may be an increase in demand.
⚡ The $80,000 gap has not been closed. The futures market left a gap (a break in the price chart) at $80,000. This is the area where no trading has occurred before, and the market may seek to fill this gap.
🔑 Price gaps often act as magnets. If Bitcoin continues to decline, the $80,000 level could become a strong magnet, providing liquidity and potential rebound.
💬 The result: What should we do?
Follow levels of $89.7K and $86.8K - these are the closest support levels for short movements.
Be prepared for the possibility of testing $80,000, especially if the market shows weakness.
Always value the general trend and related indicators to make balanced decisions! 📉📈
Successful trading and a calm mindset in making decisions! 💪✨