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.
This article is also available in Spanish.
According to the Crypto analyst, Bitcoin analist can set a scene for a earnest reversal. In the last Post on XThe analyst pointed to the key support zone, which continues to persist, strengthening the possibility of creating the lower.
In particular, the analyst stated that the price action “respects the long -term blue support line”, originally established around the “breakthrough of Rally Trump”. The current structure suggests “a possible lower formation near this zone, supported by size and historical price behavior.”
Along with the equalization of movement and historical price maintenance, Btcearth believes that the current structure may mean early signs of stubborn returns for Bitcoins.
Upcoming price recovery for bitcoins?
Btcearth pointed out that the blue horizontal support line on its chart is strictly in line with early Bitcoin Breakout In September 2024, this level acted as a key support zone that has been tested many times in recent months. In particular, the latest price is 74 434 USD and 74,588 USD, which were another significant bottom.
According to Btcearth, the repetitive validation of this support suggests that Bitcoin is building a mighty foundation. If this structure persists, it can pave the way for stubborn reversalEspecially as momentum and historical price behavior confirms the potential breaking from this area.
Btcearth also emphasized that Bitcoin is currently trading in the falling wedge pattern. On its chart, line D serves as a support base, while the E line means decreasing resistance. The price action still compresses in this narrowing structure, signaling a breakthrough on the horizon.
He noticed that the confirmed movement above line E, especially one supported in many everyday candle closures, would confirm the pattern and confirm the stubborn reversal. Such a breakthrough can prepare a scene for a stronger trend up traders be recognized market structure.
Key resistance and shopping zones
Btcearth emphasized that the accumulation zone from 74,000 to 75,000 USD remains intact, offering a favorable configuration of the risk prize for long positions. Direct resistance is USD 80,000. Further resistance occurs from USD 86,000 to USD 88,000, an area of historical consolidation and a vast volume. Breaking over this zone would significantly strengthen bitcoins.
He also pointed out that close to the main horizontal resistance $ 100,000 remains the ultimate goal. This level is a psychological milestone and a key technical threshold. If Bitcoin is building enough momentum To immaculate this, it can pave the path of a fresh leg in a long -term series stubborn.
To sum up, Btcearth emphasized that Bitcoins stabilized above the critical support zone, with the price structure suggesting a potential lower creation. A breakthrough above line E can be caused by a powerful stubborn movement towards the range of 88,000-100,000 USD. However, until this breakthrough, caution remains crucial and the suspension strategy is recommended.
A distinguished picture from Adobe, chart from TradingView.com
