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According to x mail By the Ali Martinez, Bitcoin (BTC) is a decrease in the pressure side pressure, indicating that the local market bottom may soon be formed for the first cryptocurrency.
Local bitcoin bottom on the horizon?
Bitcoin continues to trade slightly lower than the level of $ 100,000 is an important psychologically important, as it hovers at 98,650 dollars at the time of this report. However, the upper cryptocurrency according to the market value is witnessing a noticeable decrease in the pressure side pressure.
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Martinez has shared the risk ratio of the Bitcoin sales aspect of the Crypto analysis platform, with a highlight of a sharp decrease in the scale since mid -January 2025. This decrease indicates that BTC may constitute a local price for the local price, which may lead to a new accumulation stage.
For those who are not familiar, the risk of the risk of the retreating side usually indicates that investors are adhering to BTC instead of selling, indicating the early stages of the accumulation stage where prices may stabilize or start to rise.
Martinez’s analysis is in line with the theories of the broader encryption market cycle, which indicates that the markets of the market often follow the accumulation stage. This stage, in turn, paves the way to increase possible prices.
However, BTC should carry the highest main support levels to confirm this view. Rekt Capital weight In making a bitcoin price, emphasizing the importance of a weekly closure above $ 97,000 to maintain a higher decrease as support.
The analyst participated in the Bitco Weekly scheme, noting that although BTC witnessed several fuse under the structure of the identical triangle, the general bullish style is still sound. However, failure to close above 97,000 dollars on the weekly time frame may increase the risk of negative additions.
Likewise, the fellow of the analyst Daan Crypto Trades shared a bullish perspective, noting that BTC was recently a “solid break” of the brown channel. analyst Add:
Just need to see the continuation now on the weekend for a good base next week. 98 thousand dollars is the key in the short term.
Is BTC preparing for a new height at all?
While Martinez suggests that BTC may form a local bottom, other analysts believe that the encrypted currency is Gear Even to exceed 108,000 dollars, it is likely to reach the highest new level ever (ATH). Analyst Kevin, for example, Expected A short pressure can pay BTC to $ 111,000.
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Likewise, modern analysis by Rekt Capital High BTC shows early signs of a climbing spacing that can break the declining price momentum of digital assets. At the time of the press, BTC is trading at $ 98,650, an increase of 0.1 % in the past 24 hours.
A distinctive image of Unsplash, X and TradingView.com plans
