Bitcoin (BTC) has raised its riskiest support zone to between $90K and $95K, attracting buyers in that price range. There is concern that a move down to that zone could result in rapid selling and losses. However, the holder capitulation levels are still hypothetical and do not coincide with the derivative trading heat map. BTC is still in the accumulation zone and buyers are exhibiting extreme greed sentiment. The market is closely watching for potential support levels and readiness to buy dips. Centralized markets have limited Bitcoins available for sale, and long-term holders are withdrawing funds and holding onto them. The selling pressure may be relieved as BTC moves into new wallets with the intention to hold. BTC trading has a small Coinbase premium and the USD is a key liquidity source. US traders have had a significant impact on BTC trading, and the recent rally ahead of Donald Trump's inauguration has brought BTC to a new all-time high. BTC is currently below its potential new peak, which keeps some buyers as holders.



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