Like Bitcoin [BTC] The recent sales accelerates, analysts focus on three levels of support for critical prices that could shape the short-term trajectory of cryptocurrency.
The first key level is $ 112,000, identified by Swissblock Technologies. “As long as $ 112,000 holds and the risk remains stable, BTC can rebuild force,” noted Swissblock on X.
The Bitcoin Risk of Bitcoin Owner of the company aggregates data on the evaluation and basis of costs to assess market volatility – the readings of the race indicate an aversion of the risks and potential price oscillations, while the low or stable levels suggest an bullish feeling.
On Monday, the risk index oscillated near zero, signaling optimism despite the fall of 1.7% BTC to $ 112,600 in the last 24 hours, prices plunging as low as $ 111,717, according to Coindesk data.
Swissblock also highlighted $ 110,000 as a “life support”. Historical graphics reveal that during the period of December-January, buyers had trouble maintaining the BTC above this level, the marking as an important area to monitor.
The third crucial support is the chain metric known as the “short -term holder’s cost base”, currently at $ 111,400.
The Glassnode analysis company defines this as the average purchase price of portfolios that have acquired Bitcoin in the last 155 days. This indicator is widely considered as a battlefield between bulls and bears – prices above generally reflect an upper conviction. On the other hand, exchanges supported below could report an increased risk of sale or a transition to a lower market structure.
“The exchanges supported below this level could point out a change to a low -term lower market structure,” said Glassnode on X.
Together, these three levels – $ 110,000, $ 111,400 and $ 112,000 – form a delicate support area that traders are looking at Bitcoin sailing in this volatile phase.
