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 tender. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
. The price of bitcoins will fall quicklyand the bears take control, the cryptographic analyst forecast upcoming disaster below $ 100,000. Although the potential deterioration of the economic situation may seem disturbing, the analyst also revealed that after the withdrawal of Bitcoin (BTC) he is to go a significant price to the recent highest all time.
The price of bitcoins faces the immediate risk of failure
Bitcoin seems to come in Cooling phase After experiencing a significant stubborn run, which lasted several weeks and led to him The current level of almost USD 112,000 in history. “Melikatrader94”, Crypto trade analyst responsible for this recent technical analysis, predicts That during this period of cooling, Bears can take control and send the price of bitcoins, which will fall to aged minima below 100,000 USD.
On a 4-hour chart presented by the analyst, Bitcoin consistently respects decreasing trend line acting as a powerful resistance threshold. This line that was created after the last peak is now rejected price Many times, preventing further movement up and pointing to the growing pressure of the bear in the compact period.
At the time of the analysis, Bitcoin traded for USD 106,432, trying to test the decreasing line again. However, the chart shows that BTC does not have a powerful momentum, which suggests that another rejection is likely. If this is rejected, the BTC price is expected Correct down towards the region, USD 99,000, marked on the chart as a key horizontal support zone.
The forecast withdrawal of bitcoin is in line with typical market behavior, especially after Extended phase stubborn. Based on the analysis of a sales expert, a decrease to the support level of USD 99,000 may shake delicate hands and provide traders with recent purchase opportunities. Although the structure of the expected down movement is not completely bear, it suggests necessity RATEST in lower support areas It can resume before any balanced rally.
Stubborn continuation expected after withdrawal
Melikatrader94 suggested that correction to the support zone 99,000 USD is crucial for determining Next Bitcoin Rally. If this disaster successfully occurs and the buyer enters to defend support, BTC may start to create a powerful one stubborn continuation structure.
The TradingView analyst chart presents a possible reflection from the support area that could cause a breakthrough above the decreasing trend line. A constant traffic above this trend would potentially annul the compact -term bearing structure and prepared a scene for Up-to-date all timewith price goals exceeding USD 114,000.
In particular, Bitcoin consolidation around the current price Preparation for high traffic. The TradingView expert called investors and traders for a powerful reflection, because this expected withdrawal can be well, which will appear just before the stubborn leg.
A distinguished picture from Getty Images, chart from TradingView.com
