What is the price of bitcoins? – Bear trap, bottom or reflection?

Published on:

Bitcoin reflects to $ 85,000 February 28, when traders hoped that the bottom was in danger after BTC (BTC), he tried to provide a higher high candle holder for everyday closing.

Data from TRDR.IO show that Bitcoin has received a mighty point offer in Coinbase, because the price has dropped to a low level of 2025 to 78,300 USD, but what he does not see is whether the bulls will be able to provide sufficient purchase volume to keep their current rush.

1-day BTC/USDT chart. Source. Trdr.io

Crypto Trader Magus suggested that the most probable path for Bitcoin is to build range from 72,000 to USD 85,000 for several weeks.

In the post on X Magus released the following table and he saidIN

“Expecting that BTC will now build such a range.”

Cryptocurrencies, Bitcoins price, markets, market update

1-day BTC/USDT chart. Source: magus / x

In addition to the lack of mighty demand for the place, a trade horse in addition The fact that Bitcoin returns over the weekend may decrease based on the interpretation of President Trump’s comments throughout the weekend.

“I guess that BTC’s return on weekends will still be more negative than already, because Tradfi uses it to secure everything that Trump says from opening Sunday futs.”

While the consensus among traders seems to predict uncertain price shares for Bitcoins in the coming weeks, 29% withdrawal compared to the highest level of USD 110,000 is not unusual for BTC. As Crypto Trader ‘pointed out’trainee“30% of corrections are on a par with the Bitcoin bull markets and the optimal purchase options have been historically.

Cryptocurrencies, Bitcoins price, markets, market update

Drawing bitcoin prices during bull markets. Source: INTERN / X

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.

Related

Leave a Reply

Please enter your comment!
Please enter your name here