Analyzes recent accumulation phases in the Bitcoin market, highlighting key price levels and market changes.
Accumulation Phases and Market Movements
According to data gathered from the Cost Basis Distribution (CBD) heatmap, a noticeable accumulation pattern has been observed before each significant move upward. The existing data indicates a stable demand dynamic and, correspondingly, strong buying pressure.
Key Accumulation Zone Between $93k and $95k
Over the past 30 days, an important accumulation zone has emerged between $93k and $95k. This level aligns with the Short-Term Holder cost basis, reflecting investors who entered the market within the last 155 days. This area may act as a critical support level in case of short-term market corrections.
Conclusion
The current accumulation phases and identified key price levels highlight investor confidence in Bitcoin. This indicates positive market trends and the potential for continued growth.
The observed accumulation phases and key support levels in the Bitcoin market underline investor interest and potential opportunities for future investments.
