Bitcoin

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-recent-price-movements-and-investor-sentiment/" data-wpel-link="internal">Bitcoin’s Recent Price Movements and Investor Sentiment</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/expert-crypto-commentator-cryptocurrencies-will-peak-on-this-date/" data-wpel-link="internal">Bitcoin</a>‘s</strong> (BTC) price has seen incredible events over the last 20 days. It recently fell below the $40,000 level, triggering chaos in the cryptocurrency world. However, investors who took positions afterwards have recently turned a profit.</p> 
<h2 style="text-align: justify" id="current-status-of-bitcoin-investors">Current Status of Bitcoin Investors</h2> 
<p style="text-align: justify">Between January 23-26, the value of Bitcoin, which was trading at the $40,000 level, indicated that BTC buyers who made purchases shortly before had entered a profitable position and the price rose. The level at which the price dropped had previously served as support.</p> 
<p style="text-align: justify">The positive upward trend was reflected in the charts, suggesting a rise due to purchases made at higher prices following the recent decline.</p> 
<p style="text-align: justify">Comparing the current situation with the 2021 bull run, it can be seen that if the Short-Term Holder Realized Price reaches $38,300 and the general Realized Price hits $60,000, the potential for a stronger bull run is indicated.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-308914" src="https://coin-turk.com/wp-content/uploads/2024/01/60-000-btc.png" alt="" width="701" height="388"></p> 
<h2 style="text-align: justify" id="current-status-of-bitcoin-addresses">Current Status of Bitcoin Addresses</h2> 
<p style="text-align: justify">While all this was happening, a decrease in the number of addresses holding less than 1 Bitcoin was observed following the price’s instant peak of $49,000. The number of these addresses seems to have reached a bottom, and as of the time of writing, a notable consolidation structure around the $40,000 region is not escaping investors’ attention. This change is considered a reflection of the small Bitcoin addresses’ holdings becoming increasingly stable after the recent price drop.</p> 
<p style="text-align: justify">The stabilization and end of the decrease in the number of addresses holding less than 1 Bitcoin around the $40,000 level points to an important juncture for Bitcoin. This could reflect that small market participants are moving away from panic selling and starting to regain confidence in the market.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-308915" src="https://coin-turk.com/wp-content/uploads/2024/01/40-000-btc.png" alt="" width="697" height="393"></p> 
<p style="text-align: justify">As a second point, the consolidation occurring in the $40,000 region could also indicate a support area. If the $40,000 level is considered a strong support, it could be seen as an entry point for more investors to buy. Such a directional move in BTC could bring about a greater upward momentum.</p> 
<p style="text-align: justify">As of the time of writing, BTC was trading at $43,375.36. This price level represented a 0.29% increase over 24 hours. Additionally, Bitcoin’s 24-hour trading volume also saw a 48% increase during this period, rising above the $22 billion mark.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoins-recent-price-movements-and-investor-sentiment/" data-wpel-link="internal">Bitcoin’s Recent Price Movements and Investor Sentiment</a></h5>

Bitcoin’s Recent Price Movements and Investor Sentiment

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