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As Bitcoin (BTC) continues to rise, the new investors securing profits provide a short-term signal that the price may be able to climb a bit further to the critical resistance level.
Recently, with the rise in Bitcoin price to $87,000, while short-term investors have still incurred losses, new investors have made profits. According to a CryptoQuant analyst, new investors have achieved an average profit of 3.73% thanks to Bitcoin's recent price rally, and this situation is considered a short-term bullish signal.
Although the Bitcoin price continues to rise, short-term investors are still incurring losses. The average loss rate for these investors who have held Bitcoin for less than 6 months is around 5.18%. The realized price for these investors is approximately around 91,000 dollars, and this level is considered a psychological and structural resistance level. However, the fact that new investors are making profits indicates that there is greater confidence in the market and that the risk of panic has decreased.
Short-term investors will continue to incur losses until the Bitcoin price rises above the $91,000 level. This situation can sustain selling pressure, and if price momentum weakens, this pressure may increase further. Therefore, a strong breakout above the $91,000 level will be an important step for the market to potentially return to the profit zone.
#Can BTC Break 90K?#