After a period of severe fluctuations and a large price movement, the Bitcoin market is now witnessing a predictive unification phase, which is characterized by what traders call the day. This is not a sign of weakness, but rather a natural and necessary stage often in any market cycle.
A necessary basis for the next movement
In x mailThe uniswap gems, an enthusiastic encryption, presented a clear vision of the eyes from the current price of Bitcoin, noting that the market is at a predictable stage of sealing during the day after a period of severe fluctuations.
UNISWAP GEMS indicated that the last huge volatile step that has received many merchants. As a result, the market is now in a unification period. This summary is a side price movement within a narrow range, which is often necessary to create a solid bottom after a sharp swing. It warns that this stage can last for two to 3 days, making it a difficult environment for those looking for rapid trend trading.
In order to resume the bullish direction, BTC needs the heart of $ 113,000 to the level of support. If this happens, this may be to re -test the $ 115,000 range. However, if BTC fails to keep its current levels and create its lowest local levels, the uniswap Gems expect a more important decrease along the way to $ 105,000, which will be a decisive step to the downside.
Philakone analyst, an investor of encryption and a merchant, has a day, he has Release A blatant reminder about the fluctuations inherent in BTC and the historical price in the bear markets. His analysis focuses on sharp withdrawals that have been constantly followed their highest levels ever.
According to Philakone, BTC Price has a historical tendency to decrease between 75 % to 85 % of its peak during the bear market. This is a decisive point that many people are struggling to understand, especially after the long bull race. However, if the highest BTC level in the current cycle is $ 125,000, a decrease of 75 % would decrease the price to only 30,000 dollars.
The market is still fragile despite the heavy liquidation
The encryption dealer known as Killxbt adopted A very cautious situation in the BTC market. For the first time in some time, the expert fades particle The liquidation occurred from 1.5 billion. Its decision is based on technical analysis of the main market index of the USDT dominance scheme.
Killaxbt explains that the Usdt.d chart (rope dominance) appears in terms of signals. If it collapses above its highest levels (EQHS), this may lead to a greater price decrease. Because of this analysis, he decided not to open any position in the market and not looking for long or short trading.
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