Analysts are currently based in the direction Further division in the price of bitcoinsBecause the market volatility has placed a pioneering cryptocurrency in a strict consolidation zone. Expert Crypto Hamed_AZ on TradingView divided the stubborn and bear perspective at the price of Bitcoins. However, the analyst emphasizes that a failure of USD 85,000 is more likely.

According to Hames_A, the price of bitcoins will decrease more, probably reaching a modern minima in the amount of USD 85,000. Analyst revealed that the cryptocurrency is still trading sideways, he does not pull out Current consolidation zone.

Bitcoin price set up to USD 85,000

At the beginning of this month, the price of Bitcoins crashed to modern levels below 100,000 USD, without breaking the key resistance areas in order to achieve the modern highest all time. At that time, a keen decline was probably caused by broader market variability and mood change. However, the cryptocurrency did not recover its position above 100,000 USD, powered by inheritance pressure from the last tariffs implemented by the United States in other countries.

Hams_Az claims that the market will stay during a decline, without a trace of movement up if Bitcoin continues to trade below Key levels of resistance. By sharing two possible scenarios of the future cryptocurrency trajectory, the analyst based on more repair of perspective, throwing that Bitcoin may return to the support zone before starting the next movement up.

As indicated in the green area in its price table, the analyst indicated Bitcoin support zone from 85,000 to USD 87,500. While Bitcoin is historically known for not staying during the inheritance, the TradingView analyst still expects further division of the price, emphasizing that the decline at this time is a more likely scenario.

The analyst also illustrates on the chart Displaying channel patternwhere the price of bitcoins clearly moves Brief -term decline. Fibonacci level of 0.382 is additionally consistent with the support zone, which makes it a robust potential area to reverse prices.

Based on the screening of the analyst, the reflection of this support would annul the further shoot. In addition, the support zone serves as an area of ​​critical demand, in which buyers usually enter, strengthening price stability.

Possible stubborn scenario if the key levels of resistance are violated

When sharing a bear forecast for bitcoin price up to USD 85,000, Hames_AZ also presented Alternative stubborn scenario This can drive cryptocurrency to the modern ups of all time. The TradingView analyst believes that if Bitcoin can successfully break the resistance level between 97,000 and USD 102,500 and approach above, then the market should predict the continuation of the previous growth.

Confirmed breaking from this area of ​​resistance would signal stronger market dynamics and a further augment in the price of bitcoins. Based on its analysis, he expects Bitcoin to augment by up to USD 120,000, exceeding Previous ups of all time achieved at the beginning of this year.

A distinguished painting from Istock, chart from tradingview.com