The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Football price for lion and players soft. All Arcu Lorem, Intrimies, any children or, ulamcorper, hate football.
This article is also available in Spanish.
new Bitcoin price analysis It confirms that the main encrypted currency is still in a bullish direction after its last bouncing from the main accumulation area. With the main structural support levels and the upper AB = = CD oud, analysts are now looking for a possible increase in more than $ 120,000 New at all.
Bitcoin price seeks to 122,000 dollars after completing CD = CD
According to Technical analysis report By TradingView Crypto Analyst Weslad, Bitcoin tracks well with a good accuracy The upscale pathIt is possible that you pave the way for a height to $ 122,000. With the BTC price now at 109,747 dollars at the time of writing this report, reaching this ATH goal will represent an increase of 11.17 % over the current levels.
Related reading
These optimistic expectations come in a minute after Ab = CD style On the BTC-Convention Straight, which had previously alluded to great upward potential. It is worth noting that the price of bitcoin has since recovered to a Keys re -accumulation area Between 104,000 dollars and $ 107,000 – a step described by the analyst as a healthy correction rather than a reflection.
Weslad revealed that the current accumulation area is a price scope where buyers are believed to intervene again. As long as Bitcoin remains inside or above this area, the analyst confirms that its market will remain up.
Currently, Bitcoin is trading well crucial Psychological support worth $ 100,000Strengthening her upward position. The wider market structure remains healthy during Upward channelWith the support of the high areas of demand for the time frame.
According to the Weslad analysis, if Bitcoin is able to keep its price firmly within the scope of $ 104,000 – $ 107,000, the cryptocurrency may witness a significant increase to the Bonacci 2.618 extension level near 122,000 dollars. In addition to this upward state, there is also a need to need to resist $ 112,000 to confirm the next station of this step, which is the strongest and largest possible The strength of the upper side.
BTC was appointed for a large decline before penetration
With Bitcoin approaching the local resistance approximately $ 111,000, Weslad warns that the market may Facing a temporary obstacle Before continuing the expected upward trend. TradingView analyst notes that if the price is rejected at this resistance level, traders must expect a possible re-test of $ 107,000 -108,000 dollars.
Related reading
This region was a reliable barrier during the recent monotheism, and it is expected to keep it in a simple correction. Recently, Weslmad stressed that this expected corrective step has already been concluded, indicating that the market is now ready for the “real growth stage”.
With the basic demand area of about 86,000 dollars – 91,000 dollars and a strong support of about 96,000 dollars – 99,000 dollars, The general structure of Bitcoin is still optimistic Unless a decisive collapse is less than $ 100,000. Until then, all eyes remain at the level of penetration of $ 112,000, which may lead to a possible increase towards the expected target of $ 122,000.
Distinctive image from Getty Images, Chart from TradingView.com
The post Why $120,000 Could Be Next first appeared on Investorempires.com.
