Is Bitcoin in a Safe Zone? What Does the Spot Market Tell Us?

The attached image shows a clear shift in market dynamics, where three key elements are being tracked:

1. Bull Market: represented in blue.

2. Bear Market: represented in red.

3. Bitcoin Price in Dollars (BTC): represented in gray.

What stands out here is that Spot Demand plays a crucial role in reinforcing the bullish market structure, despite the overall weak momentum. This means there is ongoing accumulation by investors, supporting price stability above critical levels.

But is Bitcoin in a safe zone?

According to the data:

Bitcoin's closing price must remain above the core cost range between ($111.8K, $114.5K), at which point the overall market structure remains positive, and even in a Choppy Environment, there are strong signals for the continuation of the bullish trend.

1. Spot Demand: is one of the key indicators that reflects the genuine interest of investors in the market. When Spot Demand is strong, it enhances market stability and reduces the likelihood of sharp declines.

2. Accumulation: indicates that large investors (whales) continue to buy Bitcoin, enhancing the likelihood of price increases in the future.

3. Bullish Structure: as long as Bitcoin maintains its critical levels, the market remains in a positive position, opening the door to promising investment opportunities.