Bitcoin Heat Macro Phase Signals Accumulation Before Next Growth Wave
Bitcoin remains around the $110,000 mark, struggling to rise after volatile movements and the October 10 flash crash. The market is cautious despite some recovery in metrics and institutional inflows.
- The Bitcoin Heat Macro Phase indicates a cooling-off period, entering the Bottom or Accumulation zone, suggesting reduced speculative activity and increased long-term accumulation.
- Stability, with decreased volatility and no major macro shocks, is crucial for a sustainable rally.
- This phase reflects strategic accumulation over emotional trading, with increased wallet balances among long-term holders.
Bitcoin's consolidation near $110,936 shows indecision, moving within a tight range of $108,000 to $112,000. This reflects ongoing buyer-seller battles.
- The 50 EMA is rising towards the short-term range, indicating potential short-term momentum recovery.
- Bitcoin remains below both the 100 EMA and 200 EMA, showing bearish pressure.
- $112,000 acts as resistance, while $108,000 is critical support.
- A break above $112,000 could push prices towards $117,500, while failure may lead to a drop towards $106,000.
