The last Bitcoin price campaign maintains the company above USD 108,000, despite a number of minor withdrawals in recent trade sessions. In particular, Coingecko data show that the price of Bitcoins increased to the highest level of 109 116 USD, but was not able to support above and withdrew slightly lower at the time of writing.
There was variability relatively subdued for Bitcoin above $ 106,000. However, Dr. Profit, a well -acquired cryptographic analyst, believes that Bitcoin is Still in a stubborn structure, And he outlined two likely paths to the next critical traffic.
Bull flag and a breakthrough up to $ 130,000 with again
First Scenario presented by A doctor’s profit requires a breakthrough to a price level from $ 113,000 to USD 114,000, which would lead Bitcoin to recent all time. However, this highest level would be very brief. According to this scenario, it is expected that a keen correction will occur when Bitcoin reaches this range.
This correction will send the price back to the range from 92,000 to 93,000 USD to fill the CME gap and apply the main liquidity pool. Rather than causing panicThe analyst sees this movement as a stubborn continuation.
This potential retrak zone is clearly marked on the daily table of a doctor’s candlestick with a message “Add more if the market allows.” If this happens to be Seck to market reset And initiate a reflection before Bitcoin resumes your trajectory up to USD 120,000.
Direct rally to USD 120,000 without a re -test
The second path completely omits the correction. In this scenario, Bitcoin pierces the flag resistance to the minister rally $ 113,000. From there, in the Bitcoin script, he is continued without returning to the lower support zones. Movement depends on the skill Bitcoins to quickly gain momentum and lead to a sturdy pressure in the direction of $ 120,000. Doctor Profit indicates that this option is a more aggressive continuation of the stubborn, and both scenarios are critical for stubborn price goals in the long term.
He also overthrew the fears of the sudden movement of the dormant whale of Satoshi-ae A wallet containing 80,000 BTC. The analyst believes that the transfer was probably without a prescription of the contract between a immense private entity and the institution or government, not a sign upcoming sales pressure. In the coming days, variability will be very low, because there are no market events macros that can cause price variability. Minutes of the FOMC meeting are on Wednesday, and on Thursday there will be claims of unemployment in the US, but both are events with a low voting.
Nevertheless, the price range from $ 113,000 to USD 114,000 The most critical level Watch in both scenarios. What occurs from there, a keen correction or a basic continuation, will define the speed of the next leg up to USD 120,000. At the time of writing, Bitcoin trades for USD 108,270.
A distinguished picture from Pixabay, chart from tradingview.com
