Crypto analyst demonstrates the rise trigger point for Bitcoin price, can he follow the highest level of all time?
A crypto analyst announced that the price of Bitcoin has reached a critical trigger point. big rally. If the crypto currency manages to keep it on this key threshold, A new re – The highest level of all time becomes more and more likely.
Bitcoin Price faces resistance to the new AC
A TradingView crypto expert on March 25, defined as ‘Cryptorfic’ Bitcoin Price Analysis It is on a 4 -hour time interval graph from Binance. Analyst stated BTC has settled in an ascension trigger point – Switch resistance zone This historically has a major obstacle for the pioneering crypto currency and can determine the next price movement.
According to the analyst’s graph, Bitcoin tried to break this critical resistance point, but was rejected. Considering the ongoing This price level struggleThe crypto currency will require a significant more powerful and greater momentum for a stable breaking.
Cryptorfik, if the price of BTC remains below the resistance level, Sunday will remain uncertainProbably leads to additional struggle in subcoins. However, an open break from this bull trigger point can ignite a strong rise trend, Bitcoin’s final price is falling.
In particular, the analyst’s graph shows that Bitcoin is an increasing wedge, a pattern that can lead to a price break or failure. Bitcoin’s price is now on the upper limit of this Rising wedge patternAlignment with a long -term decreasing trend line representing the above -mentioned resistance level and the rise trigger point.
As mentioned earlier, a rupture on this area can trigger a rally with the possibility of reaching $ 109.588 and exceeding previous ADH. Earlier this year, the BTC price reached a new ACT of $ 109,036. Donald Trump’s US presidential opening The day on January 20, 2025. Historical price increase was directed by the surrounding excitement and market sense Trump’s political campaignwith the expectations of policy changes and more appropriate crypto arrangements.
If Bitcoin follows the orbit of cryptorphic analysis and reaches $ 109.588, it will represent a 0.5% increase from the current ACH and a 24% increase in $ 88.218 from the current market value.
BTC Bearish Case Scenario
Kriptorfik remained optimistic about Bitcoin’s reaching a new ACC to this bull cycle, while the analyst summarized a decline scenario and another refusal of $ 91,375 Deeper price correction. TradingView expert emphasized various price levels that can move significantly. Support Area for Bitcoin.
If the BTC is withdrawn from the resistance level, the price level of $ 85.076 and $ 82.360 is expected to support. The stronger support is around $ 76,606, which will be the next key level in the event of a stronger retreat.
The prominent picture from UNPASH, graphics from tradingView.com
Editorial process Bitcoinist has been thoroughly investigated and focused on providing accurate and impartial content. We maintain solid welding standards and each page is subject to an diligent examination by our best technology experts and experienced editors team. This process provides the integrity, relevance and value of our content for our readers.
