While the first full week in August begins, the market is advancing in unstable equilibrium. On the one hand, a technical rebound temporarily soothes the spirits after a fall under $ 112,000. On the other, nervousness remains palpable, fueled by rampant volatility and persistent macroeconomic uncertainty. Bitcoin, in particular, shows contradictory signs. Is he repeating his bullish cycle or does he slowly slip towards a new deep correction? One thing is certain: the technical and fundamental signals around Bitcoin leave no one indifferent.
In short
- Bitcoin oscillates between bullish and uncertainty recovery, while the threshold of $ 116,500 captures all the attention of traders.
- Despite massive sales, long -term investors continue to accumulate, focusing on a return to the summits.
- Technical signals and institutional demand suggest an explosive scenario around 75,000 dollars.
The threshold of $ 116,500: rocking point or market lure?
The level of $ 116,500 is today a real pivot for the price of the BTC. It is not a simple round figure, especially for minors who accumulated the equivalent of $ 1.66 billion in Bitcoin in July. Indeed, it is a strategic point where the open -out sellers could be swept by a wave of liquidations.
Thekingfisher, a well -known figure in technical analysis on X, describes it as a magnet. In other words, if the price crosses this barrier, the bullish movement could accelerate brutally.
However, not everyone shares this enthusiasm. Some analysts recall that current volatility is low, which could mean a false start. Bitcoin recorded only a movement of 3.6 % recently, very little for an asset accustomed to the roller coaster.
This calm could hide a trap or, on the contrary, precede a major shock, where several experts wonder about the possibility of a bullish scenario that is repeated. As Ryan Lee, chief analyst at Bitget: points out:
For this week, Bitcoin should consolidate between $ 112,000 and $ 118,000, supported by solid technical signals, while Ethereum could test the 3,300 to 3,800 dollars, carried by incoming flows in ETFs and institutional interest.
What is certain is that this technical threshold crystallizes attention. If it is crossed with conviction, buyers could regain their appetite. But in the event of rejection, a return to $ 110,000, or even less, cannot be excluded. The market, for the moment, retains its breath.
Bitcoin: between massive sales and appetite for long -term investors
August 1, more than 40,000 bitcoins were sold at a loss by short -term holders. And it's not just the small carriers. Indeed, whales, these massive portfolios that influence trends, have reduced their exposure, a sign of a certain discomfort in the face of prices.
But in the shadow of this massive sale, another movement takes shape. The so -called accumulative wallets, those who buy and never sell, increased their assets by 50,000 BTC in a month.
On the side of OTC platforms, often used by institutions, stocks explode and now exceed 500,000 bitcoins.
This double face of the market reflects the current complexity. On the one hand, an investor fringe gives in to panic or adjusts its positions. On the other hand, a solid base continues to strengthen for the long term. If Bitcoin manages to stabilize its price in the coming days, this silent request could become the fuel of a return to the summits. And why not reach $ 148,000.
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