[Analysis] "Bitcoin, 107,000~112,000 dollars box dispute…Breakout from compression zone imminent"
Summary
- It analyzed that Bitcoin has been trading repeatedly within the 107,000~112,000 dollars box.
- It reported that spot buying has continued steadily on major exchanges, and large holders' Accumulation Trend Score appeared high.
- It said the box compression is likely to be resolved soon, and depending on US macroeconomic events, a recovery in the altcoin market is also expected.
An analysis found that Bitcoin (BTC) has been trading between 107,000~112,000 dollars over the week as it seeks short-term direction.
On the 25th (local time), Cointelegraph analyzed, "Bitcoin repeatedly faced selling pressure near 112,000 dollars for most of the week, and on the downside buying flowed in around 107,000~108,000 dollars, providing support."
On major exchanges such as Binance and Coinbase, spot buying was steadily observed across the 101,500~114,000 dollars range. According to Glassnode, Bitcoin's Accumulation Trend Score is 0.924, indicating that large holders are still actively accumulating in the range.
The outlet predicted, "This box compression of Bitcoin is likely to end early next week, and with US macroeconomic events concentrated, the altcoin market could also see a short-term recovery trend."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
