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#BTC tap into the resistance are after floating for a while, and rejected. With that rejection, a structural shifts came in. Potentially, now a correction will come back to $62,000 and $61,100. This week, will be good as per the weekly expectation, so let see how it performs.

#BTC tap into the resistance are after floating for a while, and rejected. With that rejection, a structural shifts came in. Potentially, now a correction will come back to $62,000 and $61,100. This week, will be good as per the weekly expectation, so let see how it performs.

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Lifespan metrics group: 1️⃣Supply-Adjusted CDD This metric tracks the movement of old coins that have been in cold storage for a long period. Strong spikes indicate the destruction of a large number of coin days, suggesting old coins are being moved, likely for selling. Calculation: Coin Days = Number of coins * Number of days the coins were inactive. Current situation: A sharp decline indicates reduced interest in selling old coins, suggesting a potential short-term pullback in Bitcoin within the broader upward trend. Rating: 8/10 in favor of buyers. 2️⃣Binary CDD Binary Coin Days Destroyed (Binary CDD) evaluates whether the volume of destroyed coin days for a given period is above or below the long-term historical average. 1: When the measured Supply-Adjusted CDD is greater than the long-term average. 0: When the measured Supply-Adjusted CDD is less than the long-term average. Current situation: Recent aggressive declines suggest a sharp decrease in old coin movement. The quarterly period with EMA is used to filter out daily noise and provide clearer information. Rating: 8/10 in favor of buyers. Total Lifespan metrics group rating: 8/10 in favor of buyers. The Lifespan metrics group shows a significant local decline in the interest of long-term holders to sell their old coins, indicating a potential short-term pullback in Bitcoin within the global upward trend. Despite this local change, the global outlook remains positive, supported by the behavior of these metrics. The Supply-Adjusted CDD and Binary CDD suggest a decreased likelihood of old coins being sold, indicating a stable long-term outlook for BTC.
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