Bitcoin’s last purchase zone? Pre-Euphoria signal blinks Bullish

Tl; Dr.

• Bitcoin’s pre-Euphoria phase reflects passes past Cycli, making it a stage for a potential explosive rally.
• BTC remained reached between $ 114k support and $ 117k resistance for a sudden drop on Monday morning.
• Bearish patterns form on the daily graph, which increases the short-term risk despite bullish long-term indicators.

Signal on the chains points to the new market phase

According to cryptoquant analyst Crazzyblockk, Bitcoin has been introduced as a pre-Euphoria, according to Cryptoquant analyst. The signal comes from a metric that measures the 30-day difference between MVRV ratios in the long term and short-term holder. This pattern has appeared in every major bull cycle before Bitcoin’s strongest price movements.

The same setup took place before the parabolic rallies in 2013, 2017 and 2021. The current MVRV levels are rising, but still remain under the reach where earlier cycles at the top.

“We are not yet at overheated levels” said.

This suggests that the market is still at the start of its upward move.

It is remarkable that the earlier cycles from Bitcoin show a clear pattern. A period of accumulation usually builds up for a strong outbreak. These periods, now referred to as pre-uphor zones, take the tendency to take a few months before the prices quickly go to new highlights.

The market now shows a similar structure. Since the soil in 2022, the price action has been followed on the same path that was seen before previous peaks. The MVRV spread remains trend, with long-term holders who see profits, while holders still catch up in the short term. This is a common dynamic before large meetings.

Main price levels determine the current market range

According to market analyst, Capital was Bitcoin trade Within a narrow range until earlier this morning. The level of $ 114,250 has held strong support for several weekly closures. However, that line admitted on Monday when BTC flashed to $ 112,000 and remains below $ 113,000 from the moment of the press.

At the same time, resistance in the vicinity of $ 117,290 continues to block upward progress. This level has not yet been broken, creating a short -term range between these two prize points. A breakout above $ 117,290 would mark a shift in Momentum.

Beerarish View increases short -term risk

While signals point up the chain up, some traders look at a possible drop. Analyst Captain Faibik noted That a rising wedge has been demolished on the daily graph. There is now a bearish flag pattern that he thinks can lead to lower prices.

“Another bearish wave arrive, so be ready,” they warned.

They also pointed out that Bitcoin has fallen 15% since the beginning of August, which has caught many late buyers. Faibik added that some large holders go to Altcoins, causing their exposure to shift, while the price of BTC remains uncertain.