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.
This article is also available in Spanish.
After recovering the key 100,000 USD, Bitcoin (BTC) is testing its recently recovered levels as support, and some analysts suggest that the price will move low -term moving sideways before they spill out of key resistance.
Another key BTC levels
Over the past month, Bitcoin has recorded huge performance, recovering over 23% from the 84,000 USD brand. The flagship crypto regained a $ 100,000 barrier, lost during the February withdrawal, and increased to a three -month maximum of USD 105,819.
As part of the recovery of the BTC market, the US elections came again, between levels from 92,000 to USD 106,000, trading only 4.4% below its highest level of all time in January. However, it seems that the massive rally slowed down after closer up to the upper level of the range, which can temporarily stop the next leg.
This week, Bitcoin ranged from 101,500 to 105,000 USD, which took most of the liquidation clusters during the weekly range. Daan Crypto Trades pointed As the cryptocurrency is “quite far from all large clusters of liquidity.”
He explained that the price of BTC was not sold at the highest level for a significant period, and not many fresh items were built around this area “after the initial strict of shorts”.
Therefore, the main levels to pay attention are the highest levels above USD 106,000, and a range of about USD 93,000 support, in which a recent breakthrough took place.
Bitcoin to trade sideways for two weeks?
Cryptomist analyst considers This BTC price campaign is “very simple from here” because the flagship crypto moves in the annual Klin pattern. If Bitcoin stays in formation, it may escalate to levels of USD 110,000–112,000.
However, if Bitcoin drops below the lower limit, about 100,000 USD, it may lose key support and try to fill the CME gap around USD 92,000 before the fresh ATH rally.
Meanwhile, the ted market observer pillows Highlighted Bitcoin correlation with global M2 cash supply. The analyst noticed that the cryptocurrency price operated has resembled a global M2 supply table over the past few months, including the last pump above 100,000 USD.
Now the chart suggests a consolidation period in which Bitcoin moves sideways for one to two weeks, if he still follows the global M2 supply path. “When it ends, the next BTC leg will begin, which will increase it above 120,000 $,” he confirmed.
In addition, TED pointed The accumulation of Wyckoff BTC is in the final phase, and some consolidation will be above $ 100,000 support, “which is a good sign”. To sum up, that with the smoothness again, the next leg “will start soon”.
Bitcoin trades on $ 104,916 from this magazine, which is a decrease of 0.5% per day.
A distinguished painting with unmplash.com, chart from tradingview.com
