Bitcoin Nears $20,000 As Old Coin Spending Nears Full Cycle Detox

Na ZyCrypto - 1 tau ki muri - Wā Pānui: 2 meneti

Bitcoin Nears $20,000 As Old Coin Spending Nears Full Cycle Detox

After rallying to tap $20,350 on Tuesday, Bitcoin was again rejected kei raro iho i te $20,000 te taumata hinengaro, ka heke iho ki te $18,750 i te Wenerei. Tata ki te rua wiki ki muri, he pai te hokohoko o te moni crypto i runga ake i te $22,000 whai muri i te kaha o te peke mai i te tautoko $18,500 i te timatanga o Mahuru.

Notably, despite dropping by over 70% from its all-time highs, Bitcoin has exuded remarkable resilience above $18,000 amidst the increasingly volatile macroeconomic environment. A gradually hawkish Fed, geopolitical tensions, and the increasing prospects of a global recession, however, weaken the prospects of Bitcoin holding above this threshold.

"Kei te kite koe kei te awhi koe i te iti o te tautoko i konei...mehemea kei te kaha tonu te taara me te ahua e hiahia ana te Fed ki te whakarite ka tutuki, katahi ka pakaru tenei $18,000- $19,000 me to tuunga ka whai ake. kare noa i te taumata $12,000 ki te $13,000," ka mea Gareth Soloway, Tumuaki Maakete Rautaki o InTheMoneyStocks.

Ka huri pea te Tohu Inenga Matua?

Nevertheless, despite the bleak technical picture, a range of onchain metrics suggests that Bitcoin’s price is already in its darkest phase, raising the possibilities of a turnaround.

E ai ki te umanga tātari-mekameka a Glassnode, ahakoa te paopao o te cryptocurrency i raro iho i te taumata $20,000 e ruku ana i nga HODlers mo te wa poto ki roto i te mate tino kore, ka mau tonu nga HODLers roa, me nga inenga pono "e whakaatu ana i te huringa huringa katoa."

I roto i tana panui o ia wiki, e kii ana te umanga kua heke te maha o nga moni pakeke kua pau i runga i te mekameka mai i te 8% i te tihi o te maakete puru i Hanuere ki te 0.4% noa i te marama o Hepetema.  

"I te hekenga o nga utu ki te $20k i te tau 2022, kua whakautua e te maakete he tauhohenga rerekee, he wa roa o te whakapaunga moni pakeke rawa atu," i tuhi a Glassnode. “E tohu ana tenei ko te roopu o nga kaipupuri moni me nga moni tawhito kei te noho u tonu, e kore e whakaae ki te whakapau moni me te wehe i o raatau tuunga i tetahi taumata whai kiko. 

E ai ki te umanga, tata katoa nga moni kua riro i runga ake i te $30,000 i heke mai i te kaipakihi mo te wa poto ki roto i nga pukoro pukoro mo te wa roa "kaore pea e pau te tatauranga i te wa e paheke ana." I tua atu, i kii ko te piki haere o nga mahi tauhokohoko huri noa i nga utu o naianei e nga kaipakihi mo te wa poto e whakaatu ana i te whakahekenga o naianei me te piki haere o te tono i roto i te wahanga whakakotahi o naianei.

However, the firm warned that another capitulation was likely to be triggered by lacklustre demand on the Bitcoin network as well as increased coin churn by short-term hodlers along the current range as they jostle for the utu urunga pai.

“Kei te kitea he aputa rererangi nui kei raro i te $18k tae noa ki te awhe $11-12k. Ko te hokohoko i raro i te iti o te huringa o naianei ka nui te rahi o nga moni Kaitiaki mo te wa poto ki roto i te ngaronga hohonu, kare e tino kitea, tera pea ka kaha ake te whakararu o te hurihanga o te waa, ka puta mai ano he kaupapa whakaheke whanui, " ka tapiritia e te umanga.

Aita i maoro a'e, Bitcoin was trading at $19,350 on major exchanges after a 3.18% growth in the past 24 hours.

Kuputuhi taketake: ZyCrypto