The latest procedure for Bitcoin holds a company higher than $ 108,000 despite a series of simple decline in recent trading sessions. It is worth noting that Coingecko data shows that the price of bitcoin has risen to the highest level during the day of $ 109,116, but it was not able to withstand and decrease slightly less at the time of writing this report.
Fluctuation Relatively defeated to Bitcoin above $ 106,000. However, the profit of the doctor, a good follower encryption analyst, is believed to be bitcoin It is still in a bullish structure, And clarify two possible paths for the next main movement.
The bull science and collapse to $ 130,000 with re -test
the first The scenario he identified Profit Doctor Breakout includes the price level between $ 113,000 and $ 114,000, which will take Bitcoin to the highest new level ever in this process. However, this is the highest level in all times it will be very brief. According to this scenario, a sharp correction is expected to follow as soon as Bitcoin reaches this range.
Related reading
This correction will send the price to the range to $ 92,000 to $ 93,000 to fill the CME gap and take advantage of the main liquidity set. Instead From causing panicThe analyst looks at this step as part of the continuation of the rise.
This potential retreat area was clearly distinguished on the doctor’s daily candlestick scheme with profit with the message “Add more if the market is allowed”. Withdrawal, if that happens, it will It serves the market reset Before the Bitcoin appeals, its upward path resumes to $ 120,000 again.
A direct gathering to $ 120,000 without re -testing
The second track transcends the correction completely. In this scenario, Bitcoin penetrates the flag resistance to the gathering of $ 113,000. From there, the scenario believes that Bitcoin continues up without returning to the lower support areas. Step It depends on the ability From Bitcoin to quickly gain momentum and lead to a strong payment of about $ 120,000. Doctor Profit notes that this option is the continuation of more aggressive rise, and that both scenarios are suitable for the long -term price goals.
Related reading
He also exposed the concerns surrounding the sudden movement of the Sleeping Satosh whale A wallet contains 80,000 BTJim-The analyst believes that the transportation was likely to have a deal outside a prescription between a large and private entity or a government and not a sign of Wlale in selling pressure. The fluctuation will be very low in the coming days, as there are no Macro market events that can cause price fluctuations. The FOMC meeting records are scheduled to be on Wednesday, and there will be US unemployment demands on Thursday, but both are low -mobility events.
However, the price range from $ 113,000 to $ 114,000 The most important level To watch in both scenarios. The following from there, sharp correction or direct continuation, will determine the speed of the next station to $ 120,000. At the time of this report, Bitcoin is traded at $ 108,270.
Distinctive photo of Pixabay, Chart from TradingView.com
The post Bitcoin Price Crash To $92,000 Or New ATHs? Analyst Explains The 2 Options first appeared on Investorempires.com.
