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 cushioned. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
This article is also available in Spanish.
The Bitcoin price trajectory has become a significant interest in airy recent tankwho disappointed many stubborn traders. According to INTOTHEBLOCK, on the analytical platform in a chain, a recent price failure to the current price caused that over 6.5 million BTC was noted losses. Despite this, technical analysis suggests that Bitcoin may experience further declines.
The question is whether Bitcoin will test $ 70,000 Mark before regaining strength or may henceforth a price of USD 300,000. Observations from the price structure and historical patterns facilitate ensure a more pronounced picture of what will happen next.
Decrease in the price of bitcoins: a normal cycle within the raise
Despite the fears of recent fluctuations in Bitcoin prices, analyst Crypto Philip (Basictradingtv) It keeps it The market behaves normally in a long -term stubborn structure. He emphasizes that in a higher monthly time, Bitcoin still creates higher ups and higher minima and maintains a solid growth, which dates back to 2017.
This technical perspective, which was recorded on the TRADINGVIEW platform, is a response to concerns about whether BTC is still stubborn after a 25% correction of the recent highest level of all time.
After a recent decline, traders were disturbing, but historical trends suggest that this type of movement is part of the natural market cycle. According to the Bitcoin analyst, it still creates a stubborn market structure and although brief -term fluctuations can be continued, the wider growth channel from 2017 is still on site. In addition, the analyst noticed earlier cases of 25% and 40% amendments during Bitcoin rallies from a lower line of trends of this growth channel.
What next with BTC? Possible re -resistance before the rally up to $ 300,000
The analyst noticed that with the concept of a long -term raise in the analyst, she noticed that Bitcoin could Continue your inheritance trend Until it reaches $ 70,000. This level is of significant importance because it previously meant a high level of bitcoins before it transformed into resistance around mid -20124. After many Bitcoin attempts, he finally broke this resistance at the end of the year, which led to the fresh highest level of USD 108,786 in January 2025.
As such, this level of USD 70,000 is currently the main psychological support zone, which makes the key area of observation among the ongoing correction of bitcoin prices. Hence the analyst predicted a reflection This would cause BTC to reach up to USD 300,000. “Levels to view: 70,000, USD 300,000,” said the analyst.
At the time of writing, Bitcoin trads at USD 82,555, because most of the last 24 hours spend trading between 79 947 to USD 83,436. It leaves bitcoin Still about 14% further From testing the support level of 70,000 USD.
However, it is also possible that BTC may not fall even USD 70,000 Before the stubborn fondness takes control once again. If Bitcoin continues to follow the trajectory of previous cycles, Fibonacci’s extensions indicate goals from USD 150,000 to USD 300,000.
A distinguished picture from Unsplash, tradingview.com chart
