Like Bitcoin’s [BTC] Recent sale for sale, analysts focus on three critical price support levels that could shape the short -term path of cryptocurrencies.
The first key level is $ 112,000, identified by Swissblock Technologies. “As long as $ 112,000 is maintained and the risk remains stable, BTC can rebuild strength,” said Swissblock in X.
The Bitcoin Bitcoin risk index of the firm adds the assessment in the chain and the cost base data to measure market volatility: the readings that the increase in readings indicate risk aversion and possible price changes, while low or stable levels suggest an upward feeling.
On Monday, the risk index was around zero, which indicates optimism despite the 1.7% fall from BTC to $ 112,600 in the last 24 hours, with briefly low prices such as $ 111,717, according to Coendesk data.
Swissblock also highlighted $ 110,000 as a “Lifeline support.” Historical graphics reveal that in the period from December to January, buyers fought to maintain BTC above this level, marking it as a significant area to monitor.
The third crucial support is the chain metric known as the “Cost base of the headline in the short term”, currently at $ 111,400.
The Glassnode analysis firm defines this as the average purchase price of wallets that Bitcoin has acquired in the last 155 days. This indicator is widely considered as a battlefield between bulls and bears, prices above it generally reflect bullish conviction. In contrast, the sustained trade below could indicate a greater risk of liquidation or a change towards a bearish market structure.
“Sustained trade below this level could indicate a change towards a medium -end in the medium -long -term market structure,” Glassnode explained in X.
Together, these three levels ($ 110,000, $ 111,400 and $ 112,000) form a delicate support zone that merchants are watching closely while Bitcoin navigates this volatile phase.
