What is the Technical Outlook for Bitcoin (BTC) Price? What to Expect Next?

On-chain analysis platform Glassnode stated in its latest report that the Bitcoin (BTC) market has rebalanced following the historic large option expirations and is preparing for the next directional ￰0￱ to the report, Bitcoin has maintained a strong hold above its “short-term investor cost floor” since May ￰1￱ level serves as a critical threshold between a continuation of the bull market and potential bearish scenarios. However, analysts believe the price is facing strong resistance in a region of concentrated ￰2￱ easing of selling pressure from long-term investors and the resumption of ETF inflows indicate a stabilization of the demand side of the market.

However, the Fear and Greed Index and the RVT indicator reveal that the market has retreated from “excessive greed” to “neutral and fear” ￰3￱ reflects investors' focus on profit-taking and a decline in risk ￰4￱ News: How High Could Bitcoin Go in October? Here's the Forecast Based on Historical Data In the options market, following last week's record expiration, open interest has begun to ￰5￱ development eliminates hedge-driven volatility and allows new positions to drive price ￰6￱ volatility has decreased, the curve structure maintains its contango ￰7￱ front-end volatility has weakened, the long-term outlook remains strong in the 39-43% ￰8￱ fund flows indicate moderate upward interest, traders are maintaining cautious optimism through risk-reversal strategies and option ￰9￱ balance of dealer gamma positions is dampening sudden volatility driven by ￰10￱ a result, Glassnode argued that the market is currently on a more neutral and constructive footing, but that decisive signs for the next strong directional move have not yet emerged. *This is not investment ￰11￱ Reading: What is the Technical Outlook for Bitcoin (BTC) Price?

What to Expect Next?