Bitcoin Drops Below $92K, Faces Selling Pressure
The Most Important Points at a Glance
Bitcoin has fallen below the 92,000 USD mark, which is a critical level for short-term investors. This level, known as the Short-Term Holder Realized Price (STH RP), often serves as support for upward movements. A short-term recovery attempt has begun, but the next few hours could be decisive.
Why the 92,000 USD Mark is Important
The Short-Term Holder Realized Price (STH RP) indicates the average price at which short-term investors purchased their Bitcoin. If the price falls below this level, many of these investors enter a loss zone, often leading to increased selling pressure. In previous market cycles, particularly in 2017 and 2021, this level served as support for new upward movements.
Currently, Bitcoin is below this mark, representing a psychological hurdle. If the price does not quickly return above 92,000 USD, further selling could follow, pushing the price down even more.
Short Recovery After Sharp Decline
After a sharp drop below 80,000 USD, Bitcoin has recovered in the short term and is currently trading around 85,000 USD. Technical indicators such as the Relative Strength Index (RSI) show a recovery from oversold levels, indicating renewed buying interest.
The On-Balance Volume (OBV), an indicator of buying and selling pressure, also shows an increase in accumulation. This could suggest that some investors see the decline as a buying opportunity.
What Short-Term Investors Should Watch Now
Bitcoin’s next moves depend on whether the 92,000 USD mark can be reclaimed. If successful, short-term investors’ confidence could return, triggering renewed buying.
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However, if Bitcoin fails at this resistance, a short-term downtrend could intensify, leading to further selling. In this case, support areas between 82,000 and 84,000 USD would be crucial.
Our Assessment
Bitcoin is at a critical point. Short-term investors must decide whether to hold their positions or sell. The 92,000 USD mark remains a key resistance level. If Bitcoin fails to reclaim this level, further price declines could follow. A sustainable recovery requires continued buying interest and a return above this psychologically significant mark.
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $91,849.00 |
| 24h % | 6.78 % |
| 7d % | -3.87 % |
| 30d % | -9.95 % |
| 60d % | -4.32 % |
| 1y % | 49.00 % |
| Market Cap | $1,826,095,505,433.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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