Keys levels that must be seen with BTC drop to less than 100 thousand dollars today

The Bitcoin (BTC) price of up to 91,231 dollars was traded on Binance on Monday morning, as the coding markets are disturbed under the pressure of the escalating trade tariff war that involves the United States.

Bitcoin (BTC) decreased to 91 thousand dollars, as the encryption market qualifiers amounted to $ 1.8 billion

Bitcoin (BTC) fell to less than $ 91200 on February 3, its lowest level in 20 days. This decline follows the increasing economic concerns raised by the commercial tariffs of the former US program Donald Trump on China, Mexico and Canada, which has sparked a widespread financial market disturbance.

As fears of consumer prices rise, social media reports indicate that American consumers are preparing for inflation by store basic commodities. This has led to a shift in the morale of the retail investor, with many more dangerous assets such as stocks and cryptocurrencies for more stable stores than value.

As shown above, the coding market references exceeded $ 1.8 billion, as the BTC price decreased by 7 % in the past 24 hours, indicating an unusually heavy surrender from big investors.

This indicates that Bitcoin institutional investors also respond to inflation risks, expecting that the US Federal Reserve may be forced to raise interest rates sooner than expected.

This prompted many to transfer capital to government bonds before interest rates from high prices. Combating, these factors have exacerbated the pressure pressure in the encryption market, which prompted the price of bitcoin by 11 % during the past three days.

Bitcoin (BTC) price levels to watch

Amid the contraction of the continuous encryption market, some decisive BTC trading signals indicate the main levels that can be pivotal in bitcoin prices with the progress of the week.

Coinglass filtering map shows the most powerful BTC support at $ 90,360

Bitcoin started the week under pressure due to the downward feelings surrounding the escalating trade war. Many traders in the United States are likely to employ sale orders during the weekend, expecting more landmarks with the opening of the markets on Monday. This can increase the volatility in early trading hours.

Knklalas The filter map provides an insightful look at critical price levels where traders put cushioning positions. The graph has displays the combined lifting positions of Bitcoin over the past thirty days, revealing the main areas that are likely to be filtering events.

The data indicates that the landmarks dominate, with $ 11.9 billion in short positions that exceed 3.04 billion dollars in long positions. This confirms the expectations of more negative risks.

However, the Saudis traders focused $ 2.12 billion of financial lever at the level of 90358 dollars, which represents 70 % of the total leverage functions. This indicates a strong potential support of about 90,500 dollars, as traders seek to defend their locations from liquidation losses.

Other main support areas include $ 93,000 and $ 94,330, with a total long jobs and $ 330 million, respectively. If the bitcoin price approaches these levels, we may see an increase in the purchase that aims to stabilize the market.

However, the prolonged downward trend can continue unless it improves global economic conditions or the participants in the influential market intervene to stabilize morale.

The double bottom pattern indicates a possible outbreak of about $ 108,000

While the dominant market morale remains down due to the pressure of the macroeconomic, some technical indicators indicate the possibility of recovering the price of bitcoin. The double commercial activity pattern that was observed in the recent trading activity is alluded to a possible goal of $ 108,000, provided the market morale transformations positively.

Investors from Savvy may benefit from the current prices, which increases the Bitcoin holdings about 90,300 dollars, $ 93,000 and 94300 dollars. Some bitcoin believes that long commercial tensions can push sovereign entities to search for BTC as an enlarged flow. It is worth noting that the Czech Republic and Batuan have recently explored bitcoin acquisitions, and the US states and companies may turn increasingly into Blockchain solutions to circumvent commercial barriers.

Bitcoin price expectations: Can BTC rise to $ 108,000?

From the point of view of technical analysis, BTC trading price expectations show near its lowest levels highlighting in a double -bottom style, which often precedes bullish collapse.

Regarding the main levels to consider, BTC must maintain support that is more than $ 90,500 to maintain the reversal hopes of recovering 96,150 dollars. If the trade war escapes from BTC the purchase of frenzy between countries and institutions, then the BTC price, which followed, may gain enough momentum to test a range between 102000 and 105,000 dollars. A continuous crowd can open over these levels, the door to the target of penetration of $ 108,000.

Bollinger Bands also highlights the main resistance levels that Bitcoin should overcome to restore upscale momentum. The upper range suggests significant resistance at 105,800 dollars, followed by a more fundamental barrier near $ 108,000. If Bitcoin is able to integrate it over these levels, it may create a new upward trend, which leads to the last contraction.

In summary:

While Bitcoin’s decrease by 11 % in 3 consecutive losers has rocked investors with $ 1.8 billion to liquidate the market. However, the main technical indicators indicate potential support about $ 90,500 and potential recovery scenarios. The ongoing trade war and economic uncertainty continues to influence market morale, but investors in the long run and institutional players can benefit from low prices. In the event of positive feelings, Bitcoin can break out about $ 108,000, which enhances its position as a neutral political origin.

partner:

Ibrahim

Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.