Bitcoin Nears ATH As Data Reveals Low Retail Demand – Potential For Further Growth?

Bitcoin is currently firming without its highest levels at all, as market participants are eagerly awaiting a clear confirmation of the direction. After a period of great fluctuations, the cryptocurrency entered a critical stage, as its next step can determine the pace of the coming weeks. While the price movement is still strong, the morale throughout the market is mixed Where the uncertainty dominates the decision -making process for investors.

The latest data from Cryptoquant highlights a noticeable direction: the retail request on Bitcoin is still low, even as the cryptocurrency comes near its highest levels ever. Historically, retail investors played a decisive role in leading bitcoin courses, providing the necessary liquidity and enthusiasm for the continuous upscale momentum. The current shortage of retail activity raises questions about whether or not it is possible Bitcoin height can continue Without this vital sector of the market.

This scenario presents a two -edged novel. On the one hand, the weak presence of the retail sector can refer to unarpsed growth capabilities, with a room for more participation on a large scale to push prices to rise. On the other hand, it may also serve as a warning mark, which reflects a frequency or a larger certainty that may hinder Bitcoin’s ability to maintain its gains.

Bitcoin is preparing to move

Bitcoin is currently trading about $ 105,000, which shows its strength as it settles above the main levels and maintains the upscale momentum. Many analysts believe that Bitcoin is preparing to make more gains, but caution is still prevalent in the market. The morale between investors is amazing, as some call for a potential summit or until the end of the current session. These mixed feelings confirm the uncertainty surrounding the next step for Bitcoin.

The main standards of Cryptoquant, shared by the analyst Karl Ronville on XIt reveals an interesting direction: The retail request on Bitcoin remains significantly low, even as the cryptocurrency approaches its highest level (ATH). Historically, retailers were the driving force behind the most important elevations in the Bitcoin price. The lack of retail sharing at these price levels can be considered as a double -edged sword. On the one hand, this refers to unpoplant growth capabilities, as renewal of retail can lead to a further increase in prices. On the other hand, it highlights the possibility of lack of confidence among small investors, which may indicate a shift in market dynamics.

In order for Bitcoin to maintain its current upward path, it is important to remain above the level of $ 105,000 and secure the penetration above the ATH. Such a step is likely to attract new participants in the market and enhance the upward morale. However, failure to maintain current levels or decisively penetration above ATH may expose bitcoin to a deeper correction, which increases the exaggeration of downside and discharges market optimism.

As Bitcoin continues to cohesion near ATH, its ability to attract the new demand and overcome the low market morale will determine whether it can maintain its height or enter a long standardization phase. The coming days and weeks will be crucial in forming the Bitcoin path, as the market moves at this pivotal moment.

Are BTC ready to pay over ATH?

Bitcoin (BTC) is traded at $ 104,500 after several days of volatile price movement, which is characterized by high fluctuations and frequency in the market. While long -term expectations are still upward, the short -term morale appears to be increasingly uncertain, leaving traders and investors ready about the next step for the cryptocurrency.

Currently, the BTC price movement reflects an accurate balance between upward and underlined pressure. The bulls closely monitor the support level of $ 10,3600, which had a decisive role in maintaining the upscale momentum. It is likely to pave the way to stay above this level in the coming days the way to rise above the highest level (ATH), which re -ignites optimism and may attract more participants to the market.

However, the risks are high. Failure to maintain $ 103,600 – especially the psychological collapse of $ 100,000 – may lead to a problem with bitcoin price. Such a scenario is likely to lead to extended cohesion, or in the worst cases, to a deeper correction. This would weaken morale in the short term and create more frequency between merchants and investors.

Distinctive image from Dall-E, the tradingView graph