Bitcoin Criticism Below Levels: What Are the Conditions for a Rise?

In recent days, the Bitcoin price has slipped below the moving average according to Binance data, capturing the attention of investors. However, there has not been any observed pressure to trigger sales among long-term investors yet. Currently trading at around 100,000 dollars, the moving average for Bitcoin stands at 112,245 dollars. This situation indicates that the price has lost upward momentum and that a slight selling pressure has emerged.

Another significant data point drawing analysts' attention is the unrealized loss rate remaining at 0.06. This rate shows that a large portion of investors have opened positions at current or lower price levels, and most are not incurring losses. Therefore, the market is not in a general panic mode leading to sales. During downturns, consolidation is observed, while during uptrends, momentum potential is noted. According to a CryptoQuant analyst, when similar situations have occurred in the past, Bitcoin typically tested bottom levels and then saw strong recoveries.

The current low unrealized loss rate indicates that the market is still in search of balance and that expectations for a new catalyst to determine direction are high. However, from a technical perspective, the price remaining below the moving average may weaken the confidence of short-term investors. Still, the fact that long-term investors have not turned to sales contributes to limiting the price decline.

According to the CryptoQuant analyst, if Bitcoin can move back above the moving average, the market may find a chance to regain its upward momentum. However, if it falls below 100,000 dollars, this balance could be disrupted, leading to a broader correction process. It is crucial for investors to closely monitor these critical levels and the overall market trend.