Bitcoin started the week deep in red, with a decrease of about 5 % a day, as it decreased to a little more than $ 80,000 during early trading in Asia on Monday morning.
Teacher analyst and planning set the top of the double chart style higher, with the original reaches $ 108,000 in December and again in January before returning to five numbers.
He added, before saying: “Do not shoot the Messenger.”
He said that BTC needs to restore the high price of $ 90,000 to turn on again.
1. The market completes a double higher
2. From above it is re -tested by the flag
3. The end of the flag, confirms the declining chart
Bitcoin $ BTC
Do not shoot the Messenger
Price 2 must be restored for a positive conversion pic.twitter.com/pe9jlwyiioPeter Brandt (Peterlbrandt) March 9, 2025
Long -term is still optimistic
BTC has been heading since mid -January and has now been corrected by 25 % since it has ever passed earlier this year. Correcting this size is not a new thing in the bull market, and previous sessions have seen more declines, so prices may decrease further.
Participate founder of Bitmex Arthur Hayes Propagate More losses in X on March 9, saying that BTC will test 78,000 dollars, lasting on February 28.
“If it fails, $ 75,000 is the next in Crosshairs,” he added.
Meanwhile, the founder and CEO of the company Professional Capital Management, Anthony Boxbrano, Note The index of fear and greed for encryption one year ago was in “severe greed” from 92, and today it is in “severe fear” of 17.
He said before adding: “Bitcoin is 20 % higher during the same time frame,” does not give up online feelings. All this noise. “
The pioneer of Bitcoin Adam Buck was also fasting, Saying People have to reduce the bitcoin strategic declaration in the United States:
“It is huge to transfer the Overton window, the actual American government that promotes Bitcoin. It provides the new final reference for sovereign wealth boxes, pension funds and mutual investment funds to add bitcoin allocations.”
People reduce the evaluation of the American strategic Bitcoin reserves: it is huge to transfer the Overton window, the actual American government that promotes Bitcoin. The new final reference for sovereign wealth funds, pension funds and joint investment funds to add bitcoin allocations.
Adam Al -Dhahr (@adam3us) March 9, 2025
The price performs the narration
Analyst Miles Deutcher was more pragmatic, Saying “The price often leads to narration.”
“Although it seems that there is no North star at the present time, at any time, we can see a huge mass – and everyone will create reasons for classification again,” he said before it had happened again and again.
BTC was trading by 4.3 % a day at 82,394 dollars at the time of writing this report and lost 11 % over the past seven days.
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