$BTC Alphractal: Where is Bitcoin heading after the capital outflow?

As we have emphasized before, the capital outflow from Bitcoin suggests that market makers may be looking for new price levels to re-enter the market. Let’s analyze the probable scenarios:

1. Realized price STH ($86.2k):

This region is the first target and often acts as support during bull markets. Its recovery usually signals the continuation of bullish momentum.

2. Hope/Denial range ($80.7k):

This range, defined in the STH & LTH Sentiment Price Band metric, reflects the sentiment thermometer of short-term and long-term investors and historically has shown sustainable bullish trends.

⚠️ Bearish scenario:

If the market experiences events similar to the crash in May 2021, Bitcoin could drop to levels between $66k and $60k. These zones correspond to metrics such as active realized price and true market average price, which calculate the ideal average price of the blockchain, excluding recently mined coins.