Crypto markets provide no return options for intraday dealers, but long-term market surveys say the market is in an enhanced place and the key level must be monitored for movements on each side.

Bitcoin

hovered just over $ 105,000 on Wednesday and showed a steady increase from earlier this week. Ether, Cardanos Ada, Dogecoin and XRP showed returns below 1%. The total market value fell 1.8%.

Nick Ruck, director of LVRG Research, said the market’s shift in mood reflected a feeling that merchant stresses and that traits of risk assets may have been priced in.

“While the US economy is showing signs of contraction, investors are optimistic at tech, especially on the future prospects of Bitcoin as institutions continue to integrate further with the industry,” Ruck said, adding that despite inflation risks and uncertain macro policies, the long -term course of the crypto market remains positive.

Bitcoin’s price action over the past week has been told. According to data from Fineqia Research Analyst Matteo Greco, BTC ended last week about $ 105,700, down 3.1% from the previous week’s near nearly $ 109,050. This came when the BTC spot -TFs saw $ 150 million in net flow in the first negative pressure after six consecutive weeks of influx.

“BTC reserves on exchanges continue to fall, while reserves for larger altcoins such as ETH and XRP have stabilized,” wrote Greco in an E email to Coindesk.

StableCOin reserves on exchanges have reached their highest levels this year, he added, a sign that investors may be preparing to deploy fresh capital instead of leaving the market.

Greco added that Bitcoin’s relationship between market value and realized (MVRV) is currently at about 2.2, below the historic top threshold of 3.7. It suggests that we are in the late stages of the cycle – but not on top yet.

Bitunix analysts pointed to Fed’s Dovish comments as a brief boost to risk appetite, though warned that dollar volatility could interfere with streams.

“Bitcoin’s short -term key level is $ 105,000,” they said. “If it can last over this level, it can continue to rise. Conversely, if the market switches back to risk aversion, the central support level for $ 102,700 must be defended.”

As such, analysts say that if Bitcoin’s dominance begins to fade, historically a sign of late cycle rotation, Altcoins could gain momentum, marking the later laps of a bull market.

As StableCOin reserves rise and institutions continue to integrate Bitcoin into their strategies, dealers are delayed for what may be an unstable but potentially lucrative summer.

We hope the positive trend for the crypto markets will continue in the long run, ”said LVRG’s Ruck.