Bitcoin Market Structure Shows Early Signs of Shift
- Market Structure Change: Bitcoin's market structure is showing signs of a shift, with analysts suggesting that a sustained reclaim of the Realized Price could enhance investor confidence and push the market into a healthier phase.
- Importance of Realized Price: The Realized Price represents the average price at which Bitcoin holders acquired their coins, and if Bitcoin trades above this level for a sustained period, it indicates that most holders are back in profit, which reduces panic selling and boosts market confidence.
- Impact of MVRV Ratio: A stable MVRV ratio above 1.0 suggests that the market is no longer deeply undervalued and may support the emergence of a new bullish phase, with analysts noting that the continued improvement of these two signals is crucial for a structural regime change.
- Approaching a Turning Point: Bitcoin appears to be nearing an important turning point, and if the Realized Price is reclaimed while MVRV remains strong, the market could transition into a more constructive phase, prompting analysts to closely monitor these levels.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0375 | 0.0468 | 0.0536 | 0.0629 | 0.0697 | 0.079 | 0.0857 |
| Fibonacci | 0.0468 | 0.053 | 0.0568 | 0.0629 | 0.0691 | 0.0729 | 0.079 |
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