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 cushioned. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
This article is also available in Spanish.
Modern Bitcoin prices analysis He confirms that the flagship cryptocurrency is still in a trend stubborn after the last reflection of the key accumulation zone. Thanks to the key levels of structural support intact and developing, the stubborn AB = CD pattern, analysts now observe a potential escalate above 120,000 USD, which means Modern all time.
The Bitcoin price is USD 122,000 after CD = CD
According to Technical analysis report Through Tradingview Crypto Analyst Weslad, Bitcoin tracks exactly well defined Party trajectorypotentially paving the way to an escalate of up to USD 122,000. Because BTC currently valued USD 109,747 at the time of writing, ATH’s achievement would be an escalate of 11.17% compared to current levels.
This hopeful forecast appears on the heels of the exact AB = CD pattern On the BTC-Harmonic Part chart, which previously indicated the significant potential of growth. In particular, the price of bitcoins has been transferred to Key -re -accumulation zone From 104,000 to USD 107,000 – transfer of an analyst described as a vigorous correction rather than reversing.
Weslad revealed that the current re -accumulation zone is a price range in which it is believed that the buyers are entering again. As long as Bitcoin stays in this zone or above, the analyst claims that his market will remain stubborn.
Currently, Bitcoin trades well that crucial Psychological support in the amount of $ 100,000strengthening your stubborn position. The wider market structure also remains intact under Growing channelSupported by higher times.
According to the Analysis of the Sales, if Bitcoin can strongly accommodate its price in the range of 104,000 – 107,000 USD, cryptocurrency can relate a significant escalate to the level of Fibonacci’s extension by 2.618 Fibonacci nearly 122,000 USD. By adding to this stubborn cause, it is also necessary to break a breakthrough above USD 112,000 to confirm the next stage of this movement, marking potentially stronger and larger Momentum mountains.
BTC set for a grave withdrawal before a breakthrough
When the price of bitcoins is approaching the local resistance of around USD 111,000, Weslad warns that the market can face a fleeting obstacle Before continuing the forecast relief. The TradingView analyst notes that if the price campaign is rejected at this level of resistance, traders should predict a potential re-examination of the region 107,000-108,000 USD.
This area served as a reliable barrier during the last phase of consolidation and it is expected to be firmly in the event of a tiny correction. Recently, Weslad confirmed that this expected repair has already arrived, signaling that the market is now ready for the “real growth phase”.
With the basic demand zone of approximately USD 86,000 – USD 91,000 and robust support of approximately USD 96,000 – USD 99,000, The general structure of bitcoin remains stubborn Unless there is a decisive division below 100,000 USD. Until then, all eyes remain at a breakthrough level of USD 112,000, which can cause a potential escalate towards an expected purpose worth USD 122,000.
A distinguished picture from Getty Images, chart from TradingView.com
