Critical Moments in Bitcoin: Rise and Fall Risks

The price of Bitcoin (BTC) is currently trading below its 200-day average, at a level of $107,400. However, it appears to be trying to hold above the 365-day average level. The largest cryptocurrency in the market is stuck between critical support and resistance levels, which is attracting the attention of investors.

Experts indicate that maintaining the 365-day average level could help stabilize the current price trend. However, a possible breakdown below this level could pose a risk of a deeper correction. According to technical analysis data, the 111-day average is located at $114,700 and stands out as a critical resistance area for Bitcoin.

If an upward recovery occurs, breaking above this level could enable the market to regain positive momentum. However, despite the increasing volatility in recent times, low trading volumes indicate that investors remain uncertain about the direction. Analysts emphasize that macroeconomic uncertainties and deleveraging in the derivatives markets have extended this consolidation period.

The question of whether Bitcoin can maintain the $100,000 threshold is becoming a decisive factor for the short-term market direction. Currently, Bitcoin is trading at $106,287. These price movements present important levels that need to be closely monitored by investors.