Bitcoin on the advance? Analysts say that the downward trend is decreasing

After weeks of uncertainty, the downward trend at Bitcoin could finally weaken according to a current analysis by the crypto research company Swissblock.

The company Is the viewthat A trend reversal is emerging because Bitcoin frees himself from his previous compression zone and moves into a more bullish constellation.

The analysts of SwissBlock refer to a technical transition from a pattern known as “Bärische compression pattern”, which indicates that the market is in a zone that is cheaper for upward movements. Although a short -term decline is still possible, they argue that such a slump – possibly to the level of $ 80,000 would probably only be short -lived and ultimately would pave the way for further profits.

This assessment is supported by the latest divergence between Bitcoin and the traditional markets. While the stock markets stumbled at the beginning of this week, Bitcoin was able to assert itself. Swissblock interprets this resilience as a sign that the risk to risk in the crypto area could return, driven by a “risk -free environment” that is evident in the general macroeconomic landscape.

Long-term Bitcoin owners also seem to confirm the optimistic assessment. Swissblock Technologies data indicate that these investors were not shaken by the latest fluctuations and that their latest wave of sales was only slight compared to the burglaries in mid -2024. This suggests that the so -called “strong hands” continue to stick to their positions.

However, it is even more striking what happens to Bitcoin's largest players. According to the report, the Walwallets-that is, those who hold huge amounts of BTC-collect again. Swissblock finds that the total stocks of these large players have climbed to an annual high and approach a level that has not been reached since the last halving on April 19, 2024.

“The whales position themselves aggressively,” says Swissblock, and adds that the big players are apparently waiting for the right time to get into the market again. “Your activities contribute to stabilizing the price and it is clear that accumulation increases.”

At the time of the creation of this article, Bitcoin is traded at around $ 85,000. In view of the increasing activities of the whales and the emerging trend reversal, the market participants observe whether this is the beginning of a new house phase – or just a break before further fluctuations.