BTC Price Weakness Contrasts With a $135,000 Target as Bitcoin Bulls Snatch at Moving Averages

Main points:

• Bitcoin abandons the pre -wall gains in the streets as the BTC price movement remains in place.

• The expiration event of the potential Traffi options that is likely to be the fluctuations of the curve of the curve through the origins of the risk.

• Bitcoin continues to obtain the main support for operation at $ 135,000.

Bitcoin (BTC) reflected previous gains after Wall Street opened on June 20 as the main expiration event “Big Day” for American stocks.

Bitcoin Bulls is struggling with the main moving averages

Data from Cointelegraph Markets Pro and Tradingvief BTC PRICE MOMENTUM showed the situation after a trip to $ 106,500.

Consequently, BTC/USD has been fluctuated around its simple moving average for 21 days (SMA) at 105,800, which is the level of Keith Alan, co -founder of commercial resource material indicators.

This level coincided with SMA for 10 days, and try to restore another progress, such as A mark has been placed By the famous trader Matthew Hayland.

“The market is still in a short position including more short pants here.” continued During the trip after $ 106,000.

“Note that the depth of ask here in the request books, so the local flow means very dominant and important today.”

With Bitcoin remained stuck in a narrow range within the day, the potential fluctuations stimulus in the form of an unusually large Traffi event.

“Brace for high market fluctuations today: 6.8 trillion dollar options are expired on stock indexes, traded investment funds, the future of the stock index, and individual shares during the trading session today” He said X followers before it was called “Great Day”.

“This is likely to be the largest” trio witch “, according to SpotGAMMA estimates. It will also be the first Opex monthly after the holiday in at least 25 years.”

The target is still at a price of $ 135,000 “on the table”

He saw the adoption of a long -term display, circulation and analyzes as a reason for optimism on weeks of support.

Related to: Here when bitcoin analysts expect new BTC prices to fluctuate

By downloading the weekly graph to X, Titan of Crypto argued that the goal of the BTC price is of $ 135,000 remaining “on the table”.

“BTC erupted from a spacious wedge of the right angle, and the structure remains good,” part of the accompanying comment summary.

Cointelegraph recently reported on many ups in the ups and ups, including $ 140,000 and higher.

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