#观察员   

In the constantly fluctuating and declining cryptocurrency market, the price of BTCBTCUSD may fall to $45,000. Despite reaching a new high of $73,750 in March, the current trading price of BTC is below $55,000.
Due to the changes in active BTC addresses and widespread market decisions, a major adjustment is expected. BTC addresses reached their peak in November 2023 and then sharply declined in the first quarter of 2024. Short-term holders began reducing the amount of BTC in April, while long-term holders started selling at high prices, indicating that the cyclical peak has been reached.
However, the number of active addresses has dropped to 612,000, indicating a decrease in the interaction between hundreds of thousands of participants and cryptocurrency. This significant decline indicates a recent decrease in BTC network activity and attention.
The $1 billion BTCETF redemption is seen as a Bear Market signal. In addition, the weak US economy and massive futures liquidation may lead to other reasons for BTC falling to $45,000.
Based on the BTC/USD weekly chart, traders saw the price levels in November 2021 marking the beginning of this Bear Market, just before the arrival of the 2022 BTC Bear Market. At the end of 2021, BTC started to fall, and after losing the support of $50,000 in January 2022, it fell to $36,500. Similar support levels are currently around $50,000. BTC seems likely to retest this level. If this happens, the price of BTC may fall to $48,338 and approach $45,000.
#动态挖矿 #BTC #ETH #SOL