Cryptographic analyst CRYPTO CREDIBULL He revealed that the open interest in Bitcoin crashed at the lowest level of six months. The analyst continued to explain what happened when the last one took place was a low open interest, providing a stubborn perspective to the flagship crypto.

The open interest in Bitcoin is up to the 6-month lowest

IN X PostCredibull Credibull revealed that Bitcoin’s open interest is at the lowest levels at which it had been for six months. He noticed that the price of BTC trades between 50,000 and 60,000 USD, when the last interest was so low. The analyst also revealed that the Bitcoin financing indicator was negative. He also noted that the same happened, while the flagship crypto trades from 50,000 to 60,000 USD Team up to $ 100,000.

Interestingly, Credibull Crypto said that these indicators generally look “fantastic” for Bitcoin and additionally strengthened his belief that the flagship crypto was the bottom. Indeed, BTC seems to create the bottom because the flagship crypto increased to $ 95,000 after a decline below $ 80,000 last week.

Cryptographic analyst Ali Martinez He also suggested that the price of Bitcoins found its bottom. In post X, he noticed that historically BTC tends to reflect when the daily relative strength indicator drops below 30. Then he revealed that RSI was sitting at the age of 24, which indicates that the flagship crypto came to the bottom and was supposed to bounce well.

BTC must stick to this range to confirm reversal

However, despite the reflection of Bitcoin to USD 95,000, Credibull Crypto suggested that market participants should not yet be too excited. He said that the pump means little, unless BTC cleanses Key resistance at around $ 93,000. The analyst noticed that the transition to this reach was an uncomplicated part, but the “strength” passed.

Cryptographic analyst Titan of Crypto He also repeated a similar sentiment. He stated that Bitcoin is currently moving $ 94,000, passing over the cloud of Kumo. The analyst added that the flagship crypto must remain above this price level before the reversal can be confirmed.

However, Titan of Crypto continued to provide a stubborn prospect of Bitcoin prices, which suggests that reintegration may occur, which can send the flagship crypto to the stamp phase. His accompanying chart showed it BTC can gather Above USD 126,000, when it enters this phase of markers.

Meanwhile, Martinez revealed that the Bitcoin Bull race remains intact according to the ASORP indicator. He also stated that global fluidity is growing again, and because BTC is delayed by this indicator, the analyst noticed that it could signal this unique opportunity to buy.

At the time of writing this text data with coinmarketcap.

A distinguished painting from Istock, chart from tradingview.com