Bitcoin Long-Term Holders Halt Selling, Price Rebound Imminent
- Long-Term Holder Behavior Shift: Since July 16, the supply of Bitcoin long-term holders (LTHs) has steadily decreased, with only about 10,700 BTC net transitioning into LTH status recently, indicating reduced selling pressure that may signal an impending price rebound.
- Short-Term Holders Continue to Hold: In contrast, short-term holders (STHs) have not significantly altered their Bitcoin holdings, reflecting market divergence regarding Bitcoin's future trajectory, which could impact overall price volatility.
- Price Rebound Potential: According to CoinMarketCap data, Bitcoin is currently priced at $88,589, needing only $37,000 to reach its all-time high of $126,296, with analysts viewing this correction as a healthy shakeout that may provide buying opportunities for future gains.
- Market Sentiment Uncertainty: Despite LTHs halting sales, extreme fear among investors over the past 30 days suggests uncertainty regarding Bitcoin's next direction, which could influence short-term price movements.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36118.443 | 48059.221 | 60388.463 | 72329.241 | 84658.483 | 96599.261 | 108928.503 |
| Fibonacci | 48059.221 | 57330.369 | 63058.094 | 72329.241 | 81600.389 | 87328.114 | 96599.261 |
About BTC
About the author







