BTC 3rd consecutive "extreme doji" long-air tug-of-war, the big one is coming?

Recently, the market has fallen into a tug-of-war, BTC bulls and bears have repeatedly played between $100,000 and $96,000, and there has been a sharp rebound in the past week, once falling below the support level of $91,000, and it can be seen from the volatility that investors' anxiety about short-term trends is heating up. (Synopsis: Has BTC peaked?) Sort out 15 technical indicators to tell you) (Background supplement: BTC pin $94700 after V turn, Trump announced a 25% tariff on all imported steel and aluminum from the 10th) Long-term holder movements and market signals On February 9, well-known analyst Maartunn shared a set of on-chain data: 14,000 7- to 10-year-old BTCs moved in on-chain. This long-dormant BTC re-entry into circulation is often seen as an important signal, and these actions may indicate multiple motivations – long-term holders may be preparing for a potential upside, institutions may be recalibrating, or market participants are concerned about continued selling pressure. In any case, such a large amount of old BTC reactivation usually signals an impending drastic price fluctuation. While such moves are not uncommon during market consolidation, they add to the current market sentiment. In addition, analyst DOM found an unprecedented "Doji" pattern on BTC's daily candlestick, which usually signals market uncertainty, similar to the trend after the FTX crash in November 2022. "For the first time in BTC's 15-year history, there have been three consecutive 'extreme doji' candlesticks, each with the physical portion of each candle accounting for less than 0.05% of the entire candle range," DOM said. This signals extreme market indecision and foreshadows a major fluctuation on the horizon." It is worth noting that in November 2022 BTC had two consecutive "extreme doji" candlesticks, followed by a 620% price rebound. If history repeats itself, BTC could be on the verge of another round of explosive price fluctuations. Key price levels and Technical Analysis TradingView data shows that BTC is currently hovering around $97,600, and analyst Sebastian believes that to rekindle the bullish momentum, BTC first needs to hold on to the key level of $98,000, which will lay the foundation for breaking through the $100,000 psychological mark. Once BTC successfully breaks through and stands at the $100,000 mark, it will confirm the strong return of longs momentum, and is expected to further test the higher supply range and open a new round of upward rise. However, the current demand range of $96,000 to $97,000 must be held to support potential uplifts. If it loses this range, it may trigger more selling pressure. In this scenario, BTC could fall below $95,000 and then dip into the demand range around $90,000. Such a move would hit market sentiment hard and further reinforce bearish expectations. BTC has also recently formed a symmetrical triangle pattern, a technical pattern that usually signals a significant price breakout. Market analyst Titan of Crypto noted that the BTC price is expected to break through the upper trend line of the triangle and eventually reach the target of $116,000. According to the rules of Technical Analysis, the uprise target is calculated by adding the maximum distance between the upper and lower trend lines of the triangle to the potential breakout point, which provides a theoretical basis for the BTC uprise target. Zach Pandl, head of research at Grayscale, predicts that BTC could hit a record high in the first quarter of 2025, backed by Trump's policy Favourable Information. Still, $80,000 is a popular target for many analysts in the short term. Bravo Research, an investment research firm, said that if the price falls back to this level, it will provide traders with the opportunity to "buy the dips". To sum up, BTC is currently in a key technical node, and the balance of power between the long and short sides will determine the market direction in the short term. Investors need to closely follow the performance of the two key levels of $98,000 and $96,000, and a breakout on either side could trigger a sharp market fluctuation. Related reports Japan Micro Strategy "Metaplanet announced that its hotel changed its name to "Bitcoin Hotel", invested in BTC stock price soared 4000% in a year Japan intends to amend the law cryptocurrency to be a "securities-like financial product", income tax falls, BTC spot ETF is expected to be released BTC security myth shattered? Researcher: "$10 billion + 10GW of electricity" can launch the Majority Attack, and large institutions can easily short and profit 〈BTC 3-day "extreme doji" long-air tug-of-war, the big one is coming? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".