Аналитик определил уровень в $121 000 как решающий для восстановления биткоина Headline: Analyst Identifies $121,000 Level as Crucial for Bitcoins Recovery

Analyst and founder of MN Trading, Michael van de Poppe, identified the $121,000 mark as crucial for the first cryptocurrency’s resurgence.

What ascends must eventually descend.

A typical liquidity sweep followed the release of unfavorable macroeconomic data, with $BTC returning to its trading range.

On higher timeframes, I anticipate a slight dip followed by consolidation, with $ETH potentially dropping another 10%, after which #Altcoins may experience 1-2 weeks of upward momentum.

A significant level to surpass is $121K. pic.twitter.com/a899Fs9QkE

According to the expert, Bitcoin’s recent bullish trend was marred by a downturn due to the release of negative macroeconomic indicators — the PPI was higher than anticipated at 3.3%, rather than the expected 2.5%. He characterized this movement as a «classic liquidity sweep,» leading the asset back into its trading range.

Van de Poppe foresees that Bitcoin will initially edge lower and enter a consolidation phase on higher timeframes. He also suggested that Ethereum might see an additional 10% drop.

The analyst believes that after this phase, altcoins will gain momentum for growth lasting one to two weeks.

Experts at Glassnode identify $127,000 as a key resistance level for digital gold. They suggest that breaking through this mark could push the price to $144,000, where selling pressure is historically heightened.

The average entry price of #BTC for newer investors and its standard deviation bands indicate overheated zones. $127K represents the +1σ level and key resistance; a breakthrough could pave the way to $144K (+2σ), a point where previous market highs typically trigger increased selling pressure. pic.twitter.com/Pwra4t6fn6

Glassnode noted that in the past, reaching this zone often coincided with the formation of market peaks, prompting profit-taking.

The recent Bitcoin price drop after hitting its ATH triggered a wave of liquidations of margin positions exceeding $1 billion.

«The current situation does not signal a shift in market sentiment but rather reflects the liquidation of speculative positions, especially as the leading cryptocurrency remains firmly above $118,000. Future dynamics are likely to be influenced by macro factors such as the symposium in Jackson Hole, alongside on-chain activity trends,» he stated.

TECHNOBIT CEO Alexander Peresichan also predicted a correction following the recent rise. He believes that the inflation data served as a catalyst for profit-taking rather than a trend reversal cause.

He pointed out that Bitcoin maintains its position above $117,000, excluding panic sales. Ethereum, despite its decline, stays above critical support in the $3,500–$3,600 range.

CryptoQuant analyst Axel Adler Jr. emphasized that short-term holders of Bitcoin (STH) have been reducing their losses during market corrections.

During the pullback yesterday, 16.8K BTC were sent to exchanges at a loss by Short-Term Holders — this figure is significantly lower than during previous downturns. The chart indicates a trend of diminishing amplitude of capitulation selling (blue arrows).

This essentially shows a weakening… pic.twitter.com/R9iZbIl4zR

According to him, during the latest market decline, 16,800 BTC flowed to exchanges from STHs realizing losses. This volume is notably lower than in past market dips.

The analyst highlighted a trend of decreasing sales volumes during capitulations. He opined that this suggests a reduction in pressure from STHs.

Adler Jr. also noted that STHs are generally selling their coins at a profit. The market is successfully absorbing this selling pressure, which is seen as a bullish indicator.

The 7-day STH SOPR has climbed to 1.04 at a price of $119,000, indicating that short-term holders are primarily realizing profits, and the market is accommodating this selling — a bullish sign. The amplitude remains moderate and below the peaks of prior waves at 1.06–1.09, so the selling pressure from STHs… pic.twitter.com/F1MCXhfe3d

He mentioned that the seven-day moving average of the SOPR metric for this group of investors reached 1.04. Adler Jr. noted that this value remains moderate and hasn’t reached the peaks of prior waves at 1.06–1.09. Selling pressure from STHs is not currently extreme.

An optimistic scenario suggests maintaining the SOPR above the range of 1–1.02. Retreats to the level of 1 should be quickly absorbed, indicating strong demand.

If the indicator dips below 1, it would signal weakened demand, increasing the risk of a more significant correction in Bitcoin’s price.

As for long-term holders (LTH), this group of investors has increased their reserves by 1.64 million BTC.

Regarding the accumulation-distribution of the Long-Term Holder cohort holding coins for six months to two years: their supply has grown from 3.551 million BTC in April (when the price was $83,000) to 5.191 million BTC currently (+1.64 million BTC). During the ATH test at $118,000, there was moderate… pic.twitter.com/TTdyHTwV8i

In his analysis, Adler Jr. examined LTHs holding coins for six months to two years. In April, their collective balance stood at 3.551 million BTC when the price was $83,000. Currently, this figure has risen to 5.191 million BTC.

The expert observed moderate profit-taking during the test of the all-time high at $118,000. The average spending by this group over seven days increased to 20,000 BTC.

Adler Jr. emphasized that this volume is significantly lower than typical spikes in sales from the past, which reached 40,000–70,000 BTC.

The data indicate that accumulation is prevailing over distribution among a significant portion of network participants, the analyst concluded.

It’s worth mentioning that in June, Adler Jr. predicted a «measured» rise of Bitcoin to $160,000.