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Among Bitcoin price is fightingThe Bitquant cryptographic analyst pushed the idea that he was upstairs, and instead assured a stubborn perspective on the flagship crypto. He also noticed that he would reveal when there is a “real top”.
The analyst confirms that the top is not yet Bitcoin Price Stuggles
IN X PostBitquant was confident because he assured that the summit was not yet there despite the fighting of Bitcoin prices. He noticed that during Last cycleMarket participants argued that $ 60,000 did not look like the top, even though it had an ideal structure of the textbook. There is now panic, although this highest structure still has to form in this market cycle.
The analyst stated that he understands the bear, but it is likely because some market participants have not experienced Bull phase Already. He stated that when the real top is in the price of bitcoins, and there is a 25% withdrawal, he would publish his accompanying table again. The analyst added that market participants would know for sure, without any instructions, regardless of whether it is the best or not.
Cryptographic analyst Kevin Capital He also suggested that TOP has no bitcoin price yet. He admitted, however, that the crypto is in a enormous correction phase on the market. The analyst noticed that these corrections take some time and asked the market participants to remain patient when monitoring macro data and update monetary policy.
Kevin Capital mentioned that in the meantime a lot could be done and claimed that this is crypto. He added that most bitcoin prices are achieved within two weeks each year. Other times, the flagship crypto simply trades sideways or witnesses of significant declines.
BTC still risks a decrease to USD 70,000
In the last analysis of Kevin Capital predicted that The price of bitcoins can still fall up to $ 70,000. He stated that if BTC loses a golden pocket at USD 81,000 and warns this measured target, then a range of 70,000 to 73,000 USD, which he outlined on a higher time frame, would be the target of “measured movement”.
The analyst also noted that this week there are many factors that will affect the price. One is Donald Trump tariff The implementation of April 2, which he suggested, may be an event event, in the sense that BTC has also valued the effects of the proposed tariff and may augment after the event.
Kevin Capital also emphasized other macro factors, such as labor market data at the end of the week. Meanwhile, the rafting of the US treasury will drop from $ 25 billion to $ 5 billion from April 1. The analyst admitted that it remains uncertain whether these events have an immediate effect of sentiment and even affect sentiment.
At the time of writing this text data with coinmarketcap.
A distinguished picture from Pexels, chart from tradingview.com
