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The price of bitcoins is still low and has not recovered USD 90,000. Bears have dominated over the past few months, reducing Bitcoin from over $ 100,000 to below USD 80,000, before reflection to USD 83,000. Now these changes have raised doubts in the minds of investors whether Bull Run may end. However, there may still be hope for a leading cryptocurrency He saw the restart of the bull market.
Bitcoin must pristine USD 86,190
Rlield’s cryptographic analyst on the TRADINGVIEW MA website explained that the price of bitcoins begins to show some positive signs after a failure by over 20% compared to the high price. However, even these positive trends are not enough to suggest that there is a break down, especially since there are still the main levels to regain cryptocurrency before the appropriate breakthrough can be confirmed.
The price of Bitcoins has shown some strength, especially since the USD 80,000 was regained. This force, according to the analyst, is powered by a located enhance in indexes, as well as conversations and expectations that the FED can reduce interest rates. All this appears during a brutal tariff war, which takes place between the United States and China, which was the main engine of accidents that the cryptographic market suffered.
Along with the current recovery, the price of bitcoins is directed to a critical level, which can determine the next direction of action. The main point is the resistance of USD 86,190, which must overcome cryptocurrency, especially for bulls seeking confirmation of recovery.
As the cryptographic analyst explains, the price of BTC goes beyond the resistance of the decreasing channel, with consolidation before USD 86,190. Therefore, if bitcoins are able to properly remove this resistance, then further increases are on the horizon.
After beating, the next high resistance is then $ 88,800. This suggests that Bulls is still a long way to equalize Recovering the level of USD 90,000 again.
The minus can last longer
While Hope lies above USD 86,190 for Bitcoin investors, it is still possible that the price will drop if the resistance is not settled. If the bears are able to overcome the price, the support levels begin to lie lower and lower.
From the current levels, the cryptographic analyst claims that The first support is USD 83,170. Thanks to this point, the next high support is below USD 80,000 for 78,1,10 USD. This would send him back to March 2025.
“But compared to 88800 we will have to watch the price reaction,” said Rlielda. “A sharp approach to original level testing may end with a false break and correction.”
Chart from tradingview.com
