It seems that the sale of Bitcoins, which dominated most of the tender, soothes, with the price of BTC regaining recovery in the range of USD 80,000 to reach the highest level on USD 85,120.
Some traders believe that Bitcoin (BTC) was delayed for the reflection, considering how deeply some of its technical indicators became. People who have convinced warn that after completing the offers near the last low, if the fresh buyers do not support the momentum or negative macroeconomic message flow, BTC will probably visit their last minima again.
Highstrike Head of Option and Crypto Trading JJ had a different view, noticeable that “Coinbase point offers” have been “completed”, representing “the first inverse offers exceeding questions now from the bottom of September each $ 52,000”.
Bitcoin offers Coinbase. Source: JJ Woźny
Regardless of the low -term Bitcoin price, many analysts still say that historical data emphasize the last payment as the best purchase.
On X, Wintermute Trader Jake O he saidIN
“For anyone who has a long -term conviction in space, the present disconnection between positioning/sentiment vs the basics has never looked better. The configuration seems similar to August 2024, because the place dropped below $ 50,000 on mass liquidation and I think we will see a large upper trade in the next few sessions. “
Crypto Fear & Greed index. Source: Jake O / X
Related: Bitcoin reflects to 84 thousand. USD – Analysts say that the BTC failure was the final buy signal
From a technical point of view, Aksel Kibar market analyst described By Bitcoin at the level of $ 78,000 as “sharp again”, but refused to determine whether the price of the price was achieved.
1-day Bitcoin chart. Source:
Momentum and technical traders should notice that Bitcoin Daily RSI remains in a deeply soldered territory and despite the strength of today’s reflection, the daily pattern of the candlestick of lower ups and lower low. Lack of everyday close candlestick, which generates a higher level, may be an early sign that the inheritance inheritance is not yet complete.
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
