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Cryptographic analyst The capital of the perpendicular He recently discussed the Bitcoins price price and provided insight into the flagship future cryptocurrency trajectory. In particular, he referred to the RSI BTC, which has a similar pattern until last year, just before the rally to up-to-date ups.
RSI Bitcoin focused on a daily retag
IN X PostRekkt Capital revealed that RSI Bitcoin is focused on a daily retafel, which caused a price rally 2024. He mentioned it last week Daily RSI He successfully carried out the RSI Downtrend again, which dates back to November 2024 to confirm the breakthrough. He added that RSI is now going to another return to the same action.
. The bitcoin price increased to $ 100,000 In the period from November 2024, after the victory of Donald Trump in the presidential election in the USA. The accompanying table Rekt Capital showed that RSI is again undergoing zone 40, with a break below this level, which can cause another downward trend for the flagship crypto. On the other hand, maintaining above this level of RSI can cause another upward trend for BTC by sending its price to up-to-date ups.
However, the price of bitcoins at the moment seems more likely that she will have to face another critical correction, falling from a weekly highest level by about USD 88,500 to below USD 84,000 on Friday. Macro factors such as Donald Trump’s tariffs And the quantitative policies of tightening the US Federal Reserve weaken the flagship stubborn cryptocurrency shoot.
The QCP Capital Commercial Firma said that every tiny -term advantage for the Bitcoin price remains constrained because the markets are waiting for the clarity of the next Trump movement in the escalation of the trade war. PCE inflation, which was issued on Friday, also caused Bears BTC’s perspective, because the basic index increased beyond expectations.
BTC can create a local bottom at the current price level
Titan of Crypto cryptographic analyst suggested that the price of bitcoins may form a local bottom at the current price level. He noticed that BTC still maintains a forceful convergence of support, including a monthly gap in fair and middle value. The analyst added that the last twice BTC had these supports, meant a local bottom.
In an earlier post, Titan from Crypto raised the possibility of increasing the price of bitcoins to USD 91,000. He stated that a stubborn pennant was created on a 4-hour chart. According to him, if this pattern breaks up, the BTC target is around 91,400 USD. Meanwhile, Legendary Trader Peter Brandt It looks bears because he recently predicted that BTC could drop to even 65,635 USD.
At the time of writing this text data with coinmarketcap.
A distinguished picture from Unsplash, tradingview.com chart
