Short-Term Bullish Signal for Bitcoin: It Could Go Up to This Price! - Coin Bulletin

Bitcoin (BTC) continues to rise, indicating that new investors can make a profit and that the price may be able to move a bit further up to the critical resistance level based on short-term signals.

Recently, with the price of Bitcoin rising to 87,000 dollars, while short-term investors are still at a loss, new investors have made profits. According to CryptoQuant analysts, new investors benefited from the recent price rally of Bitcoin, gaining an average of 3.73% profit, and this situation is considered a short-term bullish signal.

Although the Bitcoin price continues to rise, short-term investors are still at a loss. The average loss rate for these investors, who have held Bitcoin for less than 6 months, is around 5.18%. The realized price for these investors is approximately $91,000, and this level is considered a psychological and structural resistance level. However, the gains of new investors indicate that there is more confidence in the market and the risk of panic has decreased.

Short-term investors will continue to make losses until the price of Bitcoin rises above the $91,000 level. This could sustain selling pressure, which could be exacerbated if price momentum weakens. Therefore, a strong break above the $91,000 level will be an important step for the market to move back into profit territory.