Bitcoin is negotiated about $ 97,000 after several days of increased volatility and high purchase pressure, signaling a renewed momentum on the cryptography market. The bulls have clearly taken control, pushing the BTC to its cycle peaks and referring to a potential escape after months of pressure, consolidation and macro-trained uncertainty. The price structure has changed through several deadlines, and traders are now ensuring a clear push above the resistance zone from $ 98,000 to $ 100,000.
The chain data add a deeper layer to the narrative of the market. According to Cryptochant, the “Delta” metric – used to measure the extent to which Bitcoin market capitalization is greater than the average price to which coins have changed hands – recalls a critical signal in the identification of for -profit areas. Over the past four years, historical models show that investors are generally starting unloading positions once Delta has reached the level of 170%. While the current levels remain below this threshold, the upward trend suggests that the market is warmed.
As Bitcoin is getting closer to new heights, Delta could act as a main indicator when the sales pressure could emerge. For the moment, the trend promotes bulls, but as the story shows, overheated metrics often signal the start of the following corrective phase.
Bitcoin metrics warn against profits in advance
Bitcoin faces a critical test because he has trouble recovering the psychological level of $ 100,000. After reaching $ 97,000, the bulls showed signs of exhaustion and some analysts call for a short -term retirement. Despite this, there is still hope for the Haussier affair while BTC continues to maintain key support at $ 92,000. This level has acted as a strong demand zone in recent weeks, and maintaining it could open the way to another attempt to break through by resistance.
The macro environment remains uncertain, the global financial markets reacting to current trade negotiations between the United States and China. Tensions between the two nations continue to influence the feeling of risks, keeping prudent investors even if cryptographic assets grow above.
Adler has highlighted a key signal on a chain: the Delta metric. Delta measures how higher the Bitcoin market capitalization is greater than the average price to which all the parts have changed hands for the last time. According to Adler, historical data in the past four years show that when Delta reaches 170%, investors generally begin to benefit from profits – which leads to a sale. Currently, Delta is around 112%, which means that an increase of 58 percentage could trigger the next series of sales pressure.
However, the market remains in a bullish position. The purchase of the momentum is solid, the corrections seem to be behind us and the technical structure promotes continuation, as long as $ 92,000. If the Bulls manage to exceed $ 98,000 and recover $ 100,000, Bitcoin could enter a new extension phase. However, with Delta climbing and macro risks, traders should remain vigilant. The next decision could define market trajectory before summer.
BTC test critical resistance
Bitcoin is negotiated at $ 97,088, pushing higher after a week of consolidation less than the keys resistance. The daily graph shows that the BTC approaches the $ 100,000 psychological barrier, the action of the prices forming higher stockings and now a bullish dynamic. The simple 200-day mobile average (SMA) at $ 90,699 and the 200-day exponential mobile average (EMA) at $ 86,514 have been recovered, strengthening the underlying force of the current trend.
This recent rally marks a critical phase for BTC, because the price tests the upper limits of a range of several months established between $ 90,000 and $ 103.6,000. A decisive daily fence above $ 100,000 would signal an escape and probably trigger an upward renewed momentum towards the previous summit at $ 103,600 and potentially beyond.
The volume remains stable, supporting the bullish structure. However, resistance at $ 100,000 has proven to be significant in the past, and traders should monitor the potential rejection or exhaustion. If Bitcoin does not reach, the support almost $ 92,000 remains the key level to maintain.
Overall, the trend remains optimistic as long as the BTC holds above 200 days averages. With the stabilization of global markets and the improvement of chain metrics, an escape greater than $ 100,000 could confirm a new expansion phase for bitcoin in the coming weeks.
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