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The Crypto X Force analyst drew the attention of the cryptographic community to the key fractal from 2023, which paints a stubborn image of the Bitcoin price. However, the analyst suggested that Loop up to $ 90,000 It can still be on BTC cards, although this does not annul the macro configuration.
The key fractal shows that the price of bitcoins is still stubborn
IN X PostX Force emphasized the key fractal from the early phase of the bull market 2023 and noticed why it supports the view Current trend remains stubborn. He noticed that the price structure observed at that time can offer observations significant for ongoing analysis, because history often rhymes, even if it may not be repeated.
X Force then noticed that in 2023 a larger wave of degree ended, followed by a plate wave 2, which penetrated only to 23.6% to 38.2% Fibonacci levels. The analyst then stated that this interpretation was not only in retrospect, but it was the only significant number even in real time. He also raised the possibility that the Bitcoin price created another low.
X Force explained that the context of the time frames micro losing weight, because every reflection and discharge is extremely sensitive to the general creation of the wave structure. Meanwhile, the analyst indicated that Bitcoins price It may still fall to USD 90,000, but he noticed that it is significant that BTC remained above this critical level of support.
In post X, the cryptographic analyst stated that as long as the price of Bitcoins remains above USD 90,000, the consequences of tiny -term price campaign have a zero impact on the overall macro trend. X Force added that withdrawal and chopping are not only robust, but necessary Every bull market.
Directly BTC prices?
Veteran Trader Peter Brandt He raised the possibility of bitcoin prices soon. IN X PostHe asked if from November 2021 it was going to be immediately in the case of a flagship crypto. His accompanying table showed how this period created a btc cycle peak on the double mountain.
The price of bitcoins then fell from the highest all time (ATH) worth about USD 69,000 and consolidated for over two years, before he witnessed the next breakthrough in 2024. The chart indicated that BTC could again create a double top after the last rally to A again Up-to-date all time 111 900 $. If so, it may indicate the end of the bull of the cycle, with a disaster set. However, the chart suggested that BTC can support this bull if it stays above USD 104,612.
At the time of writing this text, the price of bitcoins is around USD 106,200, according to the last 24 hours, according to data with coinmarketcap.
A distinguished picture from Pixabay, chart from tradingview.com
