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#TariffTensionsHitCryptoMarket #CryptoMarketPullback
Bitcoin Could Reach New Peaks If "Trouble Zone" is Broken:
While US tariffs have caused sharp declines in cryptocurrencies over the past year, analysts have drawn attention to selling zones, particularly for long-term investors. Noting a recent decrease in selling in this zone, analysts stated, "If this problematic and main resistance zone is broken, a rally towards a new all-time high (ATH) could occur, potentially breaking records."
Analysts from global cryptocurrency exchanges indicated that for Bitcoin to experience new and strong upward movements, the $110,000 zone must be surpassed.
"Long-term sellers have reduced their sales"
The analysts' reports contained important information. The analysis, which noted that long-term Bitcoin whales, who had been making large sales since the summer months, have reduced their sales, included the following statements:
"The area where long-term Bitcoin whale sales are concentrated is the $93,000-$110,000 range... This regional decline has always been halted at this level. Long-term investors are still in a selling position, but the supply of BTC offered is decreasing every week. The weekly number of sales has fallen to 12,800. If this decline continues and Bitcoin manages to break out of the $93,000-$110,000 range, then new highs can be reached and a rally can occur."
“The biggest short liquidation in the last 100 days…”
Analysts also pointed out the importance of surpassing the $97,500 level last week. The analysis stated that this rise liquidated leveraged short positions, adding, “This rise caused the biggest short liquidation in the last 100 days. Leveraged positions were cleared, and the market became healthier.”