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Заголовок Bitcoin (BTC) Metrics Point To Local Bottom At $49,500 – Details
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Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Metrics Point To Local Bottom At $49,500 – Details

Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Metrics Point To Local Bottom At $49,500 – Details

by Sebastian Villafuerte

34 mins ago

in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News

0

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is at a crucial point after several days of recovery and
consolidation. On August 5, it experienced a sharp capitulation event, with
the price dropping to a monthly low of $49,577. While some investors remain
skeptical, believing Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin hasn t reached its bottom yet, key data
from CryptoQuant suggests that the worst might be over.

Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Liquidity Resting Above $70,000 As Coinbase Metrics
Reveal Strong Demand

The broader market is now focused on the Federal Reserve’s upcoming decision
on interest rates, which could have a significant impact on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s
price trajectory. Investors are cautiously waiting to see if this week’s
announcement will bring more certainty to the market. A favorable decision
could act as a catalyst for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s upward movement, pushing it past
resistance levels.

However, the risk of further downside remains if Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin fails to reclaim
higher price levels in the near term. Breaking above key resistance around
$60,000 will be critical for regaining bullish momentum.

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Downtrend Coming To An End

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is currently trading just below $60,000, reflecting a period of
recovery from recent local lows. This positive price action has sparked
optimism among investors, who are beginning to believe that the prolonged
series of corrections that started in March may be drawing to a close.

Analysts, including top experts, have suggested that the bottom was likely
reached on August 5, marking a potential turning point for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. One
notable CryptoQuant analyst, Axel Adler, a specialist in on-chain and macro
research, has shared insightful data on X indicating that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin might have
indeed bottomed.

The analyst s chart reveals a significant decrease in the Mayer
Multiple, from 1.82 for $73,000 to 0.9 points. A further decline to 0.7 points
would confirm a local bottom. This indicator has historically been used to
identify market bottoms and potential reversal points. The BTC Mayer Multiple
has decreased from 1.82 ($73K) to 0.9 points. | Source: Axel Adler on X
CryptoQuant chart

A climate of fear and uncertainty has characterized the recent price action,
but this sentiment is starting to shift. On September 15, the Fear and Greed
Index showed a neutral level for the first time since August 26, signaling a
potential stabilization in market sentiment.

Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Rally Expected Once Price Breaks $69,500 – FOMO
Likely?

As Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin trades near $60,000 and shows signs of recovery, the market is
beginning to adjust its outlook, suggesting that the worst of the corrections
might be behind us and that a new phase of growth could be on the horizon.

BTC Technical Levels To Watch

Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) is currently trading at $59,003 after a small 5% dip from last
Friday’s local high. The price is facing resistance as it struggled to close
above the 4-hour 200 exponential moving average (EMA) at $58,848, testing this
level from below. This EMA is a key indicator of short-term market strength,
and reclaiming it would be essential for BTC to regain momentum. BTC is
trading slightly above the 4H 200 EMA. | Source: BTCUSDT chart on TradingView

For bulls to challenge the current market structure, BTC must break above the
$60,000 mark, a psychological level that could trigger significant buying
pressure if cleared with conviction. A strong move above this level would
signal a renewed uptrend, encouraging more investors to enter the market.

Related Reading: Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Analyst Expects $100,000 By December – Details

However, if BTC fails to close above the 4H 200 EMA, a deeper correction may
follow. The price would likely target $55,500, a key demand level where buyers
could step in to find support. This level is crucial as it could trigger a
change of structure, defining Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s long-term price direction.

Featured image from Dall-E, chart from TradingView

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