It was extremely difficult this year Bitcoin And the wider crypto market directed by negative macroeconomic and political conditions. Although the BTC has reached $ 109,000 at the earliest level of all time this year, the flagship presence was under pressure, which fell to about $ 76,000. However, BTC began to gain upward movements, which analysts believe that they could be part of a greater rise trend.
The next big movement to be determined according to the graphics model
As Bitcoin shows the above recovery, as it shows the inverse momentum 87,000 dollars Again, a permanent tendency was found in the current price action. Captain Faibik, an experienced crypto analyst and merchant clarified HE BTC’s price dynamics Collect a switch around a graphic pattern, especially around the falling wedge formation.
A falling wedge formation is an ascension technical installation that shows a potential price opposite in terms of price that occurs frequently after doing downwards for a while. It is formed with two convergences that move downwards with a trend line.
Captain Faibik, who entered the current price performance of the BTC, stressed that the asset continues to trade in the falling wedge pattern and is prepared for an uptake. Despite the latest price fluctuations, Bitcoin maintained its position in this key graphics model, which There may be a decisive movement on the horizon.
The falling wedge pattern observed within the framework of 1 day time is formed for about 4 months. Although the existence of a flagship is prepared for a break from the installation, the market expert is sure that the price can visit the $ 80,000 again before making a rupture.
When Breakout occurs, the captain Fiibik expects BTC to largely reach the current $ 109,000 in the coming weeks in the coming weeks. Such a significant increase is likely. Revitalize the bull market cycleMany believe that it has already ended or is close to the end.
Considering the previous estimate of the captain Faibik, the highly anticipated bull break will take place in the next 10 days. If the momentum is maintained after regaining the $ 109,000 sign, it can ultimately push Bitcoin to the highest levels of all time.
UPSİDE POWER BUILDING FOR BTC
It seems likely for an ascension movement BTC A few basic indicators such as relative strength index (RSI) and Bollinger Band perform positive performances. A new analysis from IC News, an informative platform explains The RSI has reached a value of over 52, which implies that it is on the verge of getting full control of the bulls. The gradient of the line indicates an increase requested to the presence of a flagship.
Moreover, the Bollinger band shows that the price of Bitcoin is approaching the upper band at the level of $ 90,343. The BTC’s break on the resistance level will trigger the continuation of the ongoing rise momentum. However, the IC News said that at this point, a retine could trigger withdrawal. $ 84.565 $ 78,788 in the middle band and lower band.
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.
