🛑🛑🛑BTC cryptocurrency forecast🚀🛑🛑🛑

$NOT $FLOKI

Technical analysis:

The chart shows that BTC is in a sideways trend, limited by the resistance level around 71855 and support around 66661. The price is testing the upper boundary of the channel, and an exit both up and down is possible.

Main levels:

  • Resistance: 71855 🛑

  • Support: 66661 🟢

Possible scenario:

  • Breakout up: If the price breaks the level of 71855, the next target could be around 75000. 🚀

  • Breakdown: If the price fails to stay above 70,000 and breaks through the support line, a rollback to 66,661 and below is possible. 📉

🔍 Technical indicators:

  • Ichimoku indicates the presence of a cloud, indicating a possible consolidation zone. 🌥️

  • MA (25 and 99) confirm the presence of a sideways trend.

    $BTC

On-chain analysis of BTC 📊

  1. Number of active addresses: An increase in active addresses indicates a growing interest in BTC and increased activity on the network. 📈

  2. New addresses: The emergence of new addresses indicates an influx of new participants into the BTC ecosystem. 🌐

  3. Transaction Volume: High transaction volume indicates active network usage and high liquidity. 💸

  4. Net Flows: A positive Netflow indicates an inflow of funds into the BTC network, while a negative Netflow indicates an outflow. 🔄

  5. Net Flow of Large Holders: Changes in the balances of large holders can indicate their sentiment and possible price movements. 🏦

  6. Exchange Reserve: Low reserves on exchanges can indicate a lack of liquidity for sales, potentially causing prices to rise. 📉

  7. Taker Buy/Sell Ratio: A high buy ratio indicates bullish sentiment, while a high sell ratio indicates bearish sentiment. 🐂🐻

  8. Level of Liquidity: High level of liquidity ensures less price fluctuations and a more stable market. 🌊

  9. Addresses are making a profit (on-the-money), Addresses are breaking-even (on-the-money), Addresses are losing (out-of-the-money): These metrics help gauge the current sentiment of market participants. 🤑🤔😟

  10. Inflows and outflows of smart money: The influx of smart money indicates the confidence of large players in BTC and the potential price increase. 🧠💸

  11. Network participation indicators: High user activity indicates a healthy network. 🏃‍♂️🏃‍♀️

  12. Number of Staking Nodes: An increase in the number of nodes indicates decentralization and stability of the network. 🔗

  13. Token distribution: Even distribution of tokens reduces the risks of price manipulation. ⚖️

  14. Developer Activity: High developer activity indicates the development and improvement of the network. 💻

  15. Social Activity and Adoption: Positive social activity and widespread adoption of BTC support its long-term growth. 📢👍

Result:

🚀 BTC continues to show strong support and interest from market participants. The 71855 level should be closely watched for confirmation of further gains. On-chain metrics indicate healthy activity on the network and positive sentiment among participants.

📈 Closely monitor new addresses and transaction volumes to better understand current sentiment and possible price movements.

#cryptousdua