What factors that are watching this week to anticipate bitcoin movements?

Bitcoin correction, should we really stop? Or is it just an expected step in the Grand Cycle crypt? In the industry where euphoria often rhymes Vertigo, every shock revives the debates. After the stratospheric summit above $ 124,000, it retreats. For some it’s healthy. For others it is a weak signal of possible conversion. One thing is for sure: this week promises to be electric.

Bitcoin flirts with peaks … then suddenly hold

The ascending dynamics of the Bitcoin Award seemed unstoppable. By reaching $ 124,500, the crypto-shared pulled out a new record. However, the party shortened: BTC has fallen by more than $ 10,000 in a few days.

The market was caught. Several traders cause key areas to be monitored. For Daan Crypto Trades, ” The main levels to be monitored are 112K and 120k ».

But is this autumn natural? Not for all. Crown merchant evokes a coordinated action:

Organized movement reduced the price, causing the liquidation of $ 1 billion … Meanwhile one hand bought everything.

Bitcoin remains above its mobile average after 21 days, which might seem reassuring. But material indicators: ‘ This does not guarantee collapse but significantly reduces the likelihood of escape this week ».

Signals to be monitored: between Fed, volumes and handling

Bitcoin doesn’t fall into a vacuum. Several elements accumulate behind volatility and complicate the market reading. Here are the main catalysts that carefully observe in the coming days.

Fed is invited to the equation

This week, all eyes turn to the Jackson Hole symposium. President Fed, Jerome Powell, describes his vision of monetary policy in detail. For asset mosaics, ” Investors will explore his speech and his perception of dilemma between increasing inflation and weakness of employment ».

The uncertainty is maximum: the inflection towards more accommodating rates could revive the appetite for risky assets … or vice versa.

Increasingly hollow volumes

Another worrying signal: lack of volume. A Roman merchant sounds alarm: “ BTC lost $ 10,000. The lack of volume is extremely worrying. All this seems to me to be a distribution, just like in 2021 ».

This weakness challenges the fortress of the last summit.

Handling the market?

Several signals indicate an inorganic action. Crypunvevo adds:

Is likely to have “ Stop the train ”to accumulate before further increase.

Classic design in crypto ecosystem.

Coinbase and Binance, two rooms two atmosphere

Surprisingly, premium coinbase remains high. This means that American buyers continue to pay more than binance. ABBE case analyst wonders: “ Either Saylor buys separately, or big actors accumulate in bulk before the main event ».

Altcoins, bitcoins and liquidity: towards a high -voltage trajectory

The crypto market seems to be suspended from a fragile balance. While Bitcoin is entering the seventh week uptrend, some consider it a historical limit. For specialized rectal capital, ” The second bull cycle of BTC often ends between 5 and 7 weeks ».

Other? Maybe a temporary download … or a new beginning.

Five scale for understanding this crypt week

• 124 500 $: the latest historical bitcoin summit before a sudden fall;
• $ 1 billion: liquidation in 24 hours, according to Crypnovo;
• 114 000 $: main level of support for monitoring;
• 7 weeks: duration of the last phase of btc btc;
• Jackson Hole: The Central event for the Fed’s decision this week.

Bitcoin passes through the turbulence zone, but some consider it simple breathing. The famous merchant Peter Brandt even sees his decades of graphics. According to him, the BTC could climb up to $ 280,000 by the end of the year, provided they repeat after half. If it turns out that this forecast is right, the hardest … maybe it has passed.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.