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TRXUSD TRON

0.237473
0.004942 (2.13%)
13:56:08 - Realtime Data
Name Symbol Market Market Cap ($) Algorithm
TRON TRXUSD Crypto 20,564,649,851 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  0.004942 2.13% 0.237473 0.237593 0.23785
High Price Low Price Open Price Prev. Close 52 Week Range
0.238849 0.228 0.232333 0.232531 0.077142 - 0.449994
Exchange Last Trade Size Trade Price Currency
KRKN 13:54:20 39.90 0.237473 USD
Price x Volume Volume Base Symbol Related Pairs
99,262.90 423,598.87 TRX TRXEUR TRXGBP TRXBTC

Key Indicator Signals DCA Opportunity Amid Bitcoin Buyer Momentum

05/02/2025 2:00am

NEWSBTC


Bitcoin price performance over the past week has been marked by volatility and mixed signals for investors. After briefly rising above the $100,000 price mark on Tuesday, BTC has since fallen back and now hovers just above $99,000. The rebound that initially raised market sentiment appears to have been short-lived, as the cryptocurrency struggles to regain the upward momentum needed to break through higher resistance levels. Related Reading: Why Bitcoin’s Price Crash Could Be a Buying Opportunity for Big Players Bitcoin Smart DCA Flashes—What This Means While BTC faces these ups and downs, Darkfost, a contributor on CryptoQuant’s QuickTake platform, highlighted a potential opportunity for investors employing a dollar-cost averaging (DCA) strategy. According to Darkfost, the Smart DCA indicator was recently triggered, suggesting that current price levels may be a “favorable” entry point for those looking to accumulate BTC over time. Darkfost explained that by comparing Bitcoin’s average price to its short-term realized price—ranging from one week to one month—this indicator aims to identify optimal zones for long-term accumulation. The analyst added: When executed properly, a DCA strategy can generate substantial returns in the short, mid, or long term, depending on the investor’s goals. However, this indicator should be used alongside other metrics and a broader market analysis for optimal accuracy and effectiveness. Signs of Bullish Momentum Emerge While short-term price fluctuations have rattled some investors, other analysts point to underlying trends that hint at bullish potential. Another CryptoQuant analyst, Onatt, observed that buyer activity is beginning to outweigh selling pressure. Related Reading: After The Bitcoin Crash: Will It Rise Or Drop Again? 5 Key Indicators Using data from Coinbase, Onatt noted a visible premium indicating strong demand for Bitcoin, even in the face of recent volatility. Furthermore, negative funding rates—driven by approximately $2 billion in long liquidations—suggest a market environment where buyers are taking advantage of discounted prices to position themselves for a potential upward movement. Onatt also explained: Bitcoin’s upward momentum remains likely as long as USDT dominance stays below 4.65%, signaling continued market confidence and potential for further recovery. Adding to this sentiment, analyst Ali identified a critical demand zone for Bitcoin between $96,475 and $99,360. According to Ali, as long as this range holds as a support level, the market outlook favors the bulls. A breakout above the $102,350 to $103,900 supply zone could further strengthen the bullish case, potentially setting the stage for a sustained recovery. #Bitcoin $BTC has reclaimed a critical demand zone between $96,475 and $99,360 as support. As long as this level holds, the odds favor the bulls; especially if the $102,350–$103,900 supply wall breaks. pic.twitter.com/FLpwRqYVuu — Ali (@ali_charts) February 4, 2025 Featured image created with DALL-E, Chart from TradingView

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