回顾过去几天，我们可以看到交易所储备一度增加。这是因为当价格超过 10 万美元时，鲸鱼将他们的加密货币转出出售。现在，下行曲线再次预示着即将到来的看涨走势。
At the time of writing, the Trade price of Bitcoin is $98,268, having only increased by 0.08% compared to the past 24 hours. A few hours ago, the price briefly rose to $99,950, but the 100 moving average pushed it back.ResistanceCurrently, it is MA 200. This is also the area where BTC previously faced high Resistance, so it will now become a Resistance level.
Bitcoin's dominance and Exchange reserves.
Bitcoin's market dominance is 58.43%. This means investors Hold more Bitcoin than Other Cryptos. Historically, whenever BTC's dominance drops below this point, the price of BTC also falls, so it can be said that this specific area is a Resistance area. Currently, we can see the price is declining, but dominance is increasing, which means that funds will soon start to Outflow from altcoins and Inflow into Bitcoin. But before that, prices must adjust and form a Put market sentiment.
Data from the BTC Exchange reserves shows that reserves have been declining since February 2024, while prices have been rising. This indicator shows the number of Bitcoins on exchanges. The decreasing figures indicate that people are moving their Cryptos from exchanges to cold storage, suggesting that bullish momentum is increasing.
Looking back over the past few days, we can see that Exchange reserves increased at one point. This was because when the price exceeded $0.1 million, whales were withdrawing their Cryptos to sell. Now, the downward trend again suggests an impending bullish movement.
While some altcoins have experienced significant increases, Dogecoin has seen minor gains with the potential for a significant rise, as the new ATH of $5 is preset.
The price of DOGE recently transitioned from a long consolidation phase from early November to mid-December into a manipulation phase. Historically, strong distribution is expected to follow, pushing the DOGE price to new highs.
Famous Analyst Trader Tardigrade has noted similarities between the 2021 bull market and the current price trend. The Analyst emphasizes that Cryptos are repeating the same consolidation phase experienced in 2021. The price of DOGE surged significantly in January 2021, followed by a brief consolidation, which further led to a large breakout above ATH. Currently, the price is undergoing the same consolidation pattern, indicating that the next price movement in January may be a month of explosion.
Many Analysts and senior professionals anticipate a strong bull market in 2025, which could further trigger a booming season for altcoins. If the price of Dogecoin (DOGE) rises and repeats the previous patterns, market participants may expect a new ATH far above the $1 milestone, close to $4.5 to $5. Once these levels are reached, even during strong bear markets, it will be challenging for bears to pull the levels back below $1.
