Bitcoin price action has been taken Recently on the slope downDip at a low of $ 112,770 with the last 24 hours. The decline is sufficient to cause some concerns between small-TRM traders, but selected in the broad crypto community, it is still highly optimistic.
Amidst voices Still calling for high prices Technical analysts are Marligen the Trader, who gave an update on calling the “Bitcoin Market Maker Model”, which is not only leading the price, but also takes profits before the ideal area is too late.
Final conversion
Merileezen Technical analysis model Shows that the current structure on the long -term chart of bitcoin reflects a repeated market manufacturer pattern. For its model, the BTC is entering the final perllum phase of the current cycle with a strong upward bounce, followed by a sudden collapse. In his words, “there will be a crowd in the crowd. Will exit the professionals.”
In a prevalent analysis, an investor and ancisis point for shoulders Construction of patterns on The 3-day candlestick timeframe that will increase bitcoin to $ 145,000 in the coming months. In another analysis, They said that Bitcoin is on track to reach $ 250,000 to $ 300,000 range in the coming year.
Now, in this analysis, Allyst is giving the best time or zone to take advit when this predicted Parvalaik Rali finally rolls in the Rali place. The chart associated with their post shows a separate green box that represents the final advantage of the market before the market turns. The box holds the area between $ 160,000 and $ 190,000, and is the last part of the pattern, which is similar to seen in 2021.
The scene includes accumulation (gray), brakeout (blue), enthusiasm (green), and an sequence of stages that are played in previous bitcoin cycles. Marilyigen claims that Bitcoin is now going back to the green zone, preparing for the same enthusiastic bounce that is characterized by the end of the tail of the previous bull run. He describes this stage as a “profit area”. In addition, analyst Urdu invested to secure the profit before kicking the uneven post-railway correction.
Bitcoin takes a dip below $ 113,000, but rapid outlook intact
The recent decline of bitcoin below $ 113,000 follows a gradual decline in the last several days Below $ 115,000. This, in turn, has allowed bitcoins to fall by about 3.4% in the last seven days. Set on This short -term weaknessThe market spirit among analysts is still optimistic. Many analysts, such as merry traders, see the current improvement as part of a consolidation phase, not a long -term trend.
The prevailing approach is that BTC is still ready for high goals in the coming months, with analysts Predetermine The pair pushed their price beyond its current beyond the high time of $ 122,838, which it registered 23 days ago. At the time of writing, Bitcoin is trading at $ 113,990.
Specially displayed image from Pixabay, chart from TradingView.com
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