New All-Time Highs are the ‘Only Thing Missing’ From Bitcoin, Says Analyst

Main points:

• Bitcoin aims to restore $ 120,000 as the bullish momentum in Wall Street continues.

• Traders are eager to discover prices, and they are more likely to see this.

• RSI is heading with a high price without provoking constant support.

Bitcoin (BTC) approached $ 120,000 in Wall Street open on Thursday, as the price of BTC Handish gave way to its highest levels ever.

Bitcoin merchants are preparing to discover prices

Data from Cointelegraph Markets Pro and Tradingvief Show BTC/USD, earned another 1 % a day.

With no significant decrease overnight, the husband has strengthened support to approach the price discovery after more than six weeks.

Trading and famous analyst, Rekt Capital, confirmed that even the unification step may lead to a re -test of only $ 117,000.

Bitcoin closed daily over $ 117.3 thousand (blue), ” books Besides an illustrative scheme on X.

“Any decrease in blue, necessity will absolutely constitute a post-recovery re-test to confirm the entire re-entry in the black blue range of $ 117.3 thousand-120 thousand dollars.”

The famous trader Jelle was equally eager to see a new step higher than a new support.

“Until now, Bitcoin moves exactly as planned”, ” He said × Followers while updating a strategy of $ 118,000 as a major penetration level.

“Get 118 thousand dollars from here, and the highest new levels at all times. Uptober here.”

Trader bitbull colleague has suggested that during the past six weeks of corrective price behavior it has now ended.

“I have now made $ BTC the highest level in the daily time frame. This is a major sign that the declining trend has ended now,” Stuck.

“Now all I want is to close my daily over $ 118,000 and a new ATH will happen at any time.”

BTC price is absolutely high “the only lost thing”

Earlier, Cointelegraph reported the early references of the RSI Index, which entered the short time frames the “peak purchase” area.

Related to: The next “explosive” bitcoin moves targeting $ 145,000 BTC Price: Analysis

On the four-hour graph, RSI later achieved a higher marginal rise, reaching 82.3-more “peak” since mid-July.

RSI discussion, CALEB Franzen, the Research Resource Resource Analytics, the new levels of all new levels were still possible thanks to the previous ups.

“After all the biopsy rsi on time frames 1, 2 and 4 hours, I think this will happen sooner and not later,” part of the x function Read.

Franzen added that BTC/USD has crossed the average price weighted in size (AVWAP)-which is the representation of the average price likely by size during a specific time period.

He concluded that the discovery of the price was now the “only lost thing” of the bullish mixture.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.