Key points:
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Bitcoin returns to $ 119,000 after a CME GAP filling, because the digital exchange transactions of new galaxies fail to influence the mood of the market.
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The nerves concerning the “OG” sales of the BTC seem to have passed after the transaction of 80,000 BTC from last week.
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Trading circles still see the potential of another drop in BTC prices.
Bitcoin (BTC) returned to $ 119,000 on Tuesday because the markets seemed to ignore the additional risk of sales of $ 450 million.
BTC Stable Price on Galaxy Digital Wallet Offers
Cointelegraph Markets Pro and TradingView data showed BTC / USD at almost 1%.
A brief drop in $ 117,000 during American negotiation hours the day before has not triggered a sustained slowdown, the bulls recovered a key resistance zone.
The relative force came despite the news that the active manager Galaxy Digital had moved 3,782 BTC from his portfolio, “most of which” was sent to exchanges, according to the Lookonchain analytical resources.
“Does the Galaxidigital help customers again for sale $ BTC?” He wondered in an article on X, alongside data from the Crypto Arkham intelligence company.
Although considerably lower than the sale of 80,000 BTC that Galaxy facilitated last week, the potential distribution was remarkable for having no noticeable impact on the price.
On the other hand, last week experienced a drop at $ 114,500 while the market absorbed the offer that was previously dormant for 14 years.
The phenomenon has already been seen before – as reported by Cointelegraph, American commercial prices and associated titles also had a decreasing effect on the market as 2025 has progressed.
Bitcoin can see another “flash sale”
Commenting on the current market structure, traders and analysts had mixed opinions.
In relation: “ The biggest trade agreement of all time ” – 5 things to know in Bitcoin this week
Daan Crypto Trades noted that the slowdown of $ 117,000 had concluded the last “GAP” weekend in the Bitcoin term contracts of the CME group.
“Once again, there is the CME Gap closed on Monday, just like the previous 5 weeks. We build the whole sequence at this stage,” he observed.
“The longer it goes, the more it will become a self-fulfilling prophecy.”
For indicators of commercial resource materials, the short -term momentum depended on the simple 21 -day mobile average (SMA) at $ 117,480.
“Volatility warms up before the monthly fence, and trendy precognition indicates that Bitcoin should not make a new summit today,” he told followers on Tuesday.
“Pending this 21 -day SMA assistance test, $ BTC can have a flash sale.”
Trader Roman, which warned against the lower divergences, warned against the lower divergences through the price indicators and gave a potential objective of $ 108,000.
“Probably seeing a 108K decline where we consolidate between here and 115k to settle them,” he concluded, describing the two results as “probable”.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.