$BTC ATTENTIVE, Because the optimism we have been managing is bearing fruit and Bitcoin has just reached a four-week high, surpassing $74,000. But beware, we are approaching a zone that experts call the "release point," where things can get very intense.
To have a clear vision of what is coming, the level of $75,000 is fundamental, and not just because it is a round number. This is where the "market makers" (who provide liquidity to the market) enter a negative gamma zone.
In simple terms: if the price rises above $75,000, these big players are forced to buy to cover their positions, which would act as gasoline to the fire, accelerating the rise with great strength. However, if the price fails to break and retreats, that same pressure could accelerate the fall. It is a point where volatility is completely unleashed.
Furthermore, that $75,000 coincides with the 100-day moving average, a technical wall that already halted the rally in January and sent us back to $60,000. Breaking this level with volume would be the definitive signal that the bulls have total control.
If we manage to conquer that territory, the next target is between $80,000 and $80,600.
Interestingly, in that zone the market tends to calm down a bit, as traders tend to buy cheap and sell high, which slows the speed of movement. It is a historical level that in the past served as a platform to propel us towards $100,000.
For now, Bitcoin continues to trade below its 200-day moving average, which is at $87,519. This tells us that, in the long term, we still have room to grow before being at "expensive prices." The key is to keep a cool head at this release point of $75,000 to not get carried away by the excitement of volatility.
Do you think that $75,000 will be the springboard that takes us straight to $80,000 this week or will we see a technical rejection like in January?
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