A reason for trust
A strict editorial policy that focuses on accuracy, meaning and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reports and publication
A strict editorial policy that focuses on accuracy, meaning and impartiality
The price of a lion football and players are tender. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
The last Bitcoin price campaign showed signs of a disappearing momentum three weeks after reaching the fresh highest all time in the amount of USD 111,814. Leading cryptocurrency climbed above $ 110,000 Out on Monday In addition to cooling inflation in the USA and temporarily weaker dollar.
However, the rally was tiny -lived. Profit, convoluted Thanks to geopolitical tensions between Israel and Iran, it contributed to the risk environment, which reduced bitcoins below USD 105,000 in the last 24 hours. This edged reversal emphasizes a significant technical level that can decide whether Bitcoin maintains its return or contains a failure compared to USD 94,000.
Fibonacci’s final resistance holding the line
According to Recent analysis made available By a nickname Cryptographic analyst Xforceglobal on the social media platform X, the current Bitcoin correction structure could get worse if it does not overcome the level of fibonacci resistance 88.6%. The analyst emphasized that the stubborn impulse that Bitcoin was now wearing They seem to lose a pair.
The price zone of approximately 110,500 USD, which is marked by 88.6% of Fibonacci’s resistance, was not convincingly violated, raising doubts as to the strength of the current wave structure. Bitcoin tested this level twice this week and, as the analyst noted, if this level of resistance is not a break soon, there is a diminutive possibility of deeper withdrawal.

If this is withdrawn, this would lead to the creation of a correction wave C with clear symmetrical in the correction pattern ABC. In this case, the repair wave gameplay The next central area of interest lies around USD 94,000, which is in accordance with the end of a larger impulse wave 2.
Wave 2 Dip to $ 96,000 before the start of the stubborn wave 3
The augment in correction wave of 2 and the bear pulse wave 2 is based on the Bitcoin perspective, which do not remove the resistance of 88.6% Fibonacci at the level of USD 110,000. The apply of the number Elliott Wave for a current price campaign shows that the recent pushing up to 111 814 USD of all time was a greater stubborn wave 1. However, since then, the next correction also took place in the form of a 123 underwater structure and ABC correction pattern. All in all, they are expected to be a larger impulse wave 2.
Nevertheless, Xforceglobal noticed that Bitcoin is still meon a highly stubborn structure at the macro level. If the price campaign is reproduced in this way, the next movement after a 2 to 94,000 USD pulse wave would be a reversal up from a stubborn impulse wave. In this case, the analyst predicted the expansion movement that would make Bitcoin send Bitcoin to another highest level in history. In particular, the price in this case would be an augment above USD 118,500. At the time of writing, Bitcoin trades at USD 105,000, which is a 2.5% decrease in the last 24 hours.
A distinguished picture from Getty Images, chart from TradingView.com