A reason for trust
A strict editorial policy that focuses on accuracy, meaning and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reports and publication
A strict editorial policy that focuses on accuracy, meaning and impartiality
The price of a lion football and players are supple. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
This article is also available in Spanish.
The price of Bitcoins became Bearish after reaching the fresh highest all time above USD 111,000 in May. This phrase in the tide was expected as Rally attracted Bitcoin owners for a huge profitdemonstrating the risk of accepting profits that could make a price. Until now, the price has dropped by 6 % compared to the highest all time and popular in the amount of USD 104,000 at the time of this writing. But because the bears take control, it is likely that this decrease is distant, and the cryptocurrency may fall below 6-piss again.
Pathology of Bitcoins of all time
A nickname analyst who passes by Youriverse on the TRADINGVIEW website explained Bitcoin prices movement in the last few weeks and why the market is moving like. As he explains, Bitcoin has been showing the so -called accumulation of the textbook since the start of the growth in the second week of May. This accumulation was one of the reasons why cryptocurrency gathered to the fresh ups of all time.
At that time, the cryptographic analyst revealed that the price of Bitcoins observed greater compression because it reached a higher low and resistance remained relatively flat. In addition, sales pressure, which has shocked the price of Bitcoin over the past few months due to Donald Trump’s tariff wars, has also decreased at the moment, which can control the price. The result of this is the possible “power 3”, which the analyst explains, includes accumulation, manipulation and distribution.
These three together were one of the reasons why the price of Bitcoins began to grow up. The resulting rally recorded the initial emphasis on previous high levels of all time, and then there was an emphasis on the fresh highest all time above USD 111,000. However, the price action dropped before Bitcoin could break USD 112,000.
As a result of the decreasing pressure up, the reversal was inevitable and the price of Bitcoins suffered decrease towards previous support levels of USD 106,000. However, this support did not persist as it has since broke below this level, signaling “a significant change in the market structure”.
Why is it possible to drop to USD 92,000
The analyst explained that “strength 3” can now play, and this He saw the price goes down When larger investors throw a less -informed retail crowd. In addition, because the price of bitcoins will continue to be below USD 106,000 for longer, increases the likelihood that the price may go further. “Rejection above ATH and the subsequent division below USD 106,000 introduced a significant supply of general, which can act as resistance in the near future,” said the analyst.
Considering this, he expects the Bitcoins price to drop to $ 100,000 and even reach up to half of USD 90,000. But if this happens, instead of causing a bearing trend, it could mean the possibility of buying, because this area can attract more liquidity and serve as a reflection point for the next rally.
“This potential withdrawal should not be seen only as a sign of weakness,” said the analyst. “In many bull cycles, such corrections and shocks are used to flush excessive positions and reset sentiment, ultimately putting the foundations for repeated shoot.”
A distinguished picture from Dall.e, chart from tradingview.com
