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This article is also available in Spanish.
Bitcoin still Keep a stubborn rush Despite the petite correction after the initial reach of USD 105,000. His long stay above 100,000 USD fueled the narrative that this rally is here and higher prices are on the way. Currently, the price seems to consolidate before moving up, a region that cryptographic analyst Gert Van Lagen called the continuation of trends.
The price of bitcoins is in the continuation of the trend
In the update analysis Published On X (previously Twitter) Gert Van Lagen decided that the price of Bitcoins actually entered the continuation of the trend in the cycle. This happens after the building voltage phase, which began at low levels of 76,000 $$, ending with the impulse movement, which eventually pushed Bitcoin above 100,000 USD.
According to the joint table, part of the continuation of trends in the cycle is that the price of Bitcoins continues to explode, transferring it to the up-to-date ups of all time. The Gerta chart shows that the BTC price is still over 100% from the peak of the cycle, which is shown here at the age of USD 320,000.
However, despite the bull market, there are still a few obstacle for the price of bitcoins At this level. To confirm this continuation of the trend, the price would have to exceed USD 109,400. He must not only break this level, but he must hold it and mark it every week close to him. The opposite of this event would threaten the importance of continuing the trend.
In order for the entire movement to be annulled, the cryptographic analyst explains that the price of Bitcoins would have to be introduced into weekly weekly weekly weekly near USD 79,000. It would be a 25% failure compared to current levels. Currently, Bitcoin is still stuck at the stage of re -accumulation.
Road mapping up to $ 320,000 and more
If the continuation of trends begins, there are many other stages through which the price of bitcoins is expected. As mentioned above, the best for the next stage is USD 320,000, but after it is achieved, the price is to drop.
Next is the distribution phase, because investors begin to navigate their farms and sell liquidity. Then the cryptographic analyst provides for a quick price movement that causes a failure in the direction of 100,000 USD. Then slight recovery as the voltage is built, and the price of bitcoins loses the return.
Hence, another continuation of the trend will send the price further, and then towards a larger redistribution. Then there is another speedy price movement, taking a deeper price of Bitcoins to a 5-digit territory, and then a full recession. At the lowest level, cryptographic analyst he finally sees BTC Again below USD 10,300.
A distinguished picture from Dall.e, chart from tradingview.com
