🚨Bitcoin has reached the anxiety region, which is currently the main decision zone as it approaches $93,500 USD.

According to the STH & LTH Sentiment Price Bands, which monitors the profitability and loss combined from Short-Term Holders and Long-Term Holders, BTC has hit the anxiety band, a historically significant resistance zone. However, when a breakout occurs, as seen in 2013, 2017, and 2020, the price tends to move toward higher bands.

If Bitcoin follows the same behavior as in 2021, prices above $142,200 USD are expected, indicating that both short-term and long-term investors would be in a thrill sentiment.

If BTC repeats the same intensity of the 2017 movement, targets above $233,800 USD may be reached.

In any case, BTC needs to break through the current region of $93,522 USD (Anxiety Band) to estimate new highs. If this happens, the Optimism Band will be the next target, currently located at $115,600 USD. It's important to note that in no previous peak did the price stay within this band; it always surpassed it, which suggests it may become a future resistance.

The STH & LTH Sentiment Price Bands is an innovative approach to measuring market sentiment dynamically, considering the behavior of all investors. Credit to Joao Wedson.

Since the data is dynamic and updated daily, it’s essential to monitor it regularly.

Explore this and other incredible metrics at https://Alphractal.com.

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