The Hash Ribbons indicator has just triggered a purchase signal on Bitcoin for the third time in 2025, indicating a resumption of mining. This positive configuration is often interpreted as an interesting long -term entry point. And it is not the only indicator that is optimistic about Bitcoin. Indeed, despite the recent local top marked around $ 112,000, the price of Bitcoin keeps the average purchase price of short -term holders. That’s not all, because all operators accumulate BTC according to Glassnod data. We look at the Bitcoin situation in the bulletin of the day!
PROFITS on ETF in cash from Bitcoin
After a bullish flight and a new Historical SummitBitcoin Mark a break. Bitcoin’s course was done Reject around $ 112,000and the sellers try to regain control. Between mid-April and the end of May, the ETF Bitcoin in cash recorded significant entries. However, for a few days, the operators take profits ::
Since May 29, the ETFs have recorded Four days of outing For a total of$ 1.5 billion. If this dynamic continues on ETFs, the course of Bitcoin could continue to tumble down, and even lose $ 100,000. Despite everything, these outings remain less important than entries accumulated since April.
Despite the fall of the BTC, operators continue to accumulate
The indicator Trend accumulation score by cohort Allows you to know the behavior of the various investor profiles. According to data from the Glassnode site, All cohorts are accumulating BTCs despite the recent fall in Bitcoin:
After a long period of distribution (red) Between January and April, the market now shows Clear accumulation signs. Investors who buy the most are those who have fewer1 BTC and those who have Between 10 and 100 BTC. The continuous situation of look like the end of 2024or when the BTC had managed to accelerate beyond $ 70,000 To join the Psychological round figure of $ 100,000.
If operators keep this behavior, the price of bitcoin could recover and Leaving for $ 120,000.
Bitcoin prices must keep the support at $ 104,000
After an increase in more than 50 % between April and late Maythe price of Bitcoin begins a breathing. The fall brought the BTC back up to the Support area at around $ 104,000. The king of cryptos also finds the Mobiles 9 and 18 bruises ::
The conservation of support and mobile averages 9 and 18 bruises would allow the BTC to power Accelerate to new ATH. If the level at $ 104,000 does not hold, and that the mobile averages 9 and 18 bruises do not allow rebound, the course could still fall. The next area of solid support is located at around $ 92,000. THE RSI Fall For a few days, but he has always drawn a generally Continuation of hollows and ascending peaks. Therefore, the Momentum remains to the advantage of Bulls.
The Bitcoin course fell after having managed to validate an ATH. If buyers manage to regain control and the BTC keeps $ 104,000, a new increase is possible. For the moment, operators are confident because they continue to accumulate BTC according to Glassnod data. If the BTC goes to new ATH, the hyperliquid hype, the Bnb of Binance, and Tron (TRX) could explode towards new historical heights.