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Despite the last rally to Recent all time (ATH) in the amount of USD 111,900, cryptography analysts have warned that the price of bitcoins can still be a witness to a huge disaster that will send it below 100,000 USD. These analysts emphasized the basics and techniques that could cause a price accident.
Analysts emphasize why the price of bitcoins can still advance below $ 100,000
IN Post TradingviewThe cryptographic analyst, Stephan, mentioned geopolitical tensions, and the Russian-Ukrainian conflict intensifies as one of the factors that could cause a bitcoin price failure. He explained how this conflict can lead investors towards safe and sound assets such as gold. The analyst also noticed Bitcoin ETFS has experienced modest outflows last week.
The accompanying Stephana table has shown that the price of bitcoins can drop to just USD 96,765 Psychological support level $ 100,000. Nova cryptographic analyst also warned that Bitcoin could drop to $ 100,000, providing technical analysis of the flagship price of cryptography.
IN Post TradingviewNova said that if the Bitcoins price has a resistance of around USD 106,406 per day and will continue to correct, it may augment the decrease to re -assess the psychologically vital level of USD 100,000. In addition, she revealed that Relative strength indicator (RSI) On the daily table it is 53, popular to the neutral level 50. This indicates the weakness of the stubborn momentum.
Nova also stated that the divergence of the movable medium convergence (MacD) showed bear last week. Meanwhile, the analyst referred to the growing red histogram posts below the basic line, which, she claimed, additionally signaled the potential correction. Her accompanying chart showed that the price of Bitcoins may drop to USD 99,000, because it again assesses the level of 100,000 USD.
Cryptographic analyst Kevin Capital also called caution At the current level of bitcoin prices. He stated that nothing had changed for the flagship cryptocurrencies and indicated that at the present level there was no need to be ultra stubborn. . The analyst warned earlier It can be a sketchy search for BTC if it does not recover 106,800 USD soon.
BTC can still accumulate up to USD 135,000 this year
IN X PostThis year, the Crypto Titan of Crypto analyst has raised the possibility of increasing Bitcoin prices to USD 135,000. He noticed that BTC broke out from the right angle Descending widening wedgeAnd if the price lasts above the groundbreaking zone, USD 135,000 becomes a realistic goal. The analyst added that the structure is spotless.
Cryptographic analyst Mikybull Crypto stated that the price of bitcoins is preparing for the recent highest all time. In addition, he noted that USD 120,000 remains a magnet for the flagship cryptocurrencies in this market cycle. Meanwhile, Predicted a veteran trader Peter Brandt that BTC can reach USD 150,000 until delayed 2025.
At the time of writing, Bitcoins prices are around USD 105,400, according to the last 24 hours, according to data with coinmarketcap.
A distinguished picture from Getty Images, chart from TradingView.com
