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The price of bitcoins faced the rejection after a edged escalate to USD 97,000 last week. Technical expert Tony Severino He commented on this development and referred to the LMACD indicator, which revealed what would happen next for the flagship cryptocurrencies.
What next in the Bitcoins price after rejection of USD 97,000
In the post X, Tony Severino It was found that many BTC time analyzes with LMACD indicator Suggest that the price of bitcoins is in an uncertain position. He noticed that if the daily rush exceeds Boste, he could prevent the weekly stubborn crossovers and pull the weekly LMACD below zero. That would exceed the monthly Barish Lmacd Back.
With several significant time frames, Severino warned that market participants could see a more aggressive traffic at the price of bitcoins. On the other hand, the technical expert noticed that daily lmacd divergent up can exceed a weekly stubborn and avoid another Monthly crossoverwhich can be stubborn.
He suggested, however, that the decrease in the price of bitcoins is now more likely, because the monthly LMACD is the most dominant of three signals, which seems to indicate a decline. He added that this indicator also has the strength to pull out other time frames with it. Severino did not mention how low BTC may fall this expected price drop.
Meanwhile, Cryptographic analyst Ali Martinez He also warned against a potential decrease in bitcoin prices. In post X, he stated that BTC may soon go back because the TD sequential indicator flashes the sales signal. The analyst warned that if Bitcoin loses the support level of USD 94,765, it could drop to USD 90,000 and even USD 86,000.
How history can repeat itself for btc
Cryptographic analyst The capital of the perpendicular He raised the possibility that the Bitcoins price would repeat a similar traffic compared to last year. In order for history to repeat itself, he noticed that BTC will have to reject from USD 99,000, a meeting above USD 93,500, break the range from 97,000 to USD 99,000, reject from USD 104,500, have a range from 97,000 to 99,000 USD as support, and then break the novel highest levels (ATHS).
Commenting on a current price campaign, a cryptographic analyst Titan of Crypto He noticed that the price of Bitcoins returns to the key coincidence. He added that a robust reaction from this current zone would confirm that the up trend remains intact. His accompanying table showed that the 95,423 USD price level is an area to be viewed. Recently, recovering this level can start inheritance for flagship cryptography.
At the time of writing this text data with coinmarketcap.
A distinguished picture from Unsplash, tradingview.com chart
