The price of bitcoins suffered violence Rejection after reaching USD 110,000Showing the clear intention of the Bear to prevent the achievement of fresh ups of all time. Until now, rejection from USD 110,000 has been quick and controlled bears. This gave credibility to calls that the price of bitcoins would fall below the psychological level of USD 100,000, which could cause another wave of declines on the cryptographic market.
Rejection of bitcoins in part of the plan 110,000 USD?
Rejection of Bitcoins prices undoubtedly caused a panic wave among investors, many of whom think this is the end of the cycle. However, the cryptographic analyst has suggested The fact that withdrawal is part of a larger plan because the largest cryptocurrency according to market capitalization goes on the way to fresh ups of all time.
In the analysis, they explain that the digital resource is currently at the point where a significant distribution undergoes, which will explain the decrease in price. Withdrawal itself is not the cause of the alarm, because the compact corrections after the main violent violent are normal. In addition, there are many accumulation when Bitcoin moves from the hands of ancient investors into the hands of fresh investors on the basis of higher costs.
The accumulation is expected to take Bitcoin to the next stubborn wave. This stubborn wave is another step in the trend The BTC price is transferred to the next price escalate. When the volume moves up as expected, the price of the asset is expected to take place in turn.
The BTC price can reach the goal of USD 130,000 after the turn
Going to the chart of the analyst made available on the TRADINGVIEW website, it is not expected that the correction of Bitcoin prices will not last long. Mainly maintaining the support of USD 107,000 becomes the most critical at this level, because this can set the Launchpad point for the next stubborn impulse.
Completing the accumulation phase puts the next one A breakthrough level of up to USD 130,000which would be an escalate of over 20% compared to the current level. However, this may not be the end, because the cryptographic analyst set the swing target for up to USD 150,000.
As for the schedule, when it can happen, a cryptographic analyst places a long -term goal at the end of 2025. It is also possible to end the trend earlier, and the Bitcoin price can achieve its goal and fresh levels of the highest levels before the end of the year.
