A company that is changing the way the world mines bitcoin

BitcoinSistemi 2025-02-26 20:57:08

Analysis Company Warns: There’s a Huge Gap in Bitcoin Price in Two Regions – Here’s What It Means

Bitcoin (BTC) has experienced a sharp decline in recent days, attracting the attention of both analysts and investors. Cryptocurrency analytics firm Alphractal weighed in, highlighting that the move is in line with Bitcoin’s historical tendency to revisit gap zones — areas on the price chart that lack significant support or resistance. According to Alphractal, Bitcoin’s price frequently returns to gap zones over time, a process that forms part of the natural market cycle. These gaps occur when the price moves without making strong turning points, creating areas of low trading activity. However, the firm notes that these zones do not remain untested indefinitely, as Bitcoin has historically revisited these areas, leading to new consolidation cycles. Related News: With the Recent Decline, Have We Hit the Bottom in Bitcoin? What Does History Show? Alphractal's Support and Resistance Detection metric uses an advanced algorithm to identify market turning points, highs and lows, automatically identifying key reversal points. Bitcoin is currently in the process of filling what Alphractal describes as the largest market gap ever, stretching between $74,000 and $90,000. This development is considered a natural market phenomenon, although it may cause temporary volatility. “We are currently witnessing the filling of the largest gap ever recorded in Bitcoin,” Alphractal said, noting that such moves are an expected part of Bitcoin’s price dynamics. *This is not investment advice. Continue Reading: Analysis Company Warns: There’s a Huge Gap in Bitcoin Price in Two Regions – Here’s What It Means