menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Bitcoin Ne...
source image

Coindoo

1d

read

283

img
dot

Image Credit: Coindoo

Bitcoin Nearing Resistance? Stablecoin Ratio Suggests Short-Term Risk

  • Short-term risk is building around the $113K–$114K resistance area for Bitcoin as per the Stablecoin Ratio indicating potential pullbacks.
  • A higher stablecoin ratio suggests investors are shifting funds out of Bitcoin, potentially leading to price pressure.
  • Long-term Stablecoin Ratio indicates Bitcoin still has room for growth despite short-term volatility, with the mid-range historically acting as temporary resistance during past bull markets.
  • In the short term, BTC may face resistance near $113K due to increasing stablecoin ratio pressures, but the long-term outlook suggests the bull cycle could still continue with some expected volatility.

Read Full Article

like

17 Likes

For uninterrupted reading, download the app