with Presse pressure Escape the dynamics of the Bitcoin market, The leading origins You will likely face more prices in the coming days. However, many support ranges are still working as a barrier on recent negative moves, while adhering to an extended correction.
Support the trend line to determine the next stage for Bitcoin
Bitcoin prices are suspended in the balance where the Rikt Capital merchants draw decisive support for trend losses as the basic defense against more losses. Rotk Capital analysis It treats the next possible stage of BTC in light of the increasing volatility that shocked the market.
The expert believes that this trend holds Support It may settle on the market, allowing BTC to mobilize adequate momentum towards higher levels. This indicates the importance of maintaining support, otherwise Bitcoin risks deeper correction.
Going in price movements, Rikt Capital highlighted this BTC It faces a problem in maintaining a decrease in $ 101,000 as described in the black line in its scheme. However, it continues to re -test the blue tilted font at the level of 99158 dollars as support.
Since this oblique blue determines the direction, prices may be prevented in the lowest US $ 90,000 as long as it is still a support point. It is likely to change the break without support the dynamics of the market as speculations about a The season on the horizon It appears within society.
Although Bitcoin recently faced a major negative step after the collapse of the public market, the original continues to control the entire encryption sector. Rick Capital specific BTC dominates steadily climbing, even as its price volatility.
to rise BTC sovereignty It means that investors are constantly choosing them as a safer asset in light of volatile periods. As a result, the analyst declares that the Bitcoin season is still sound until further notice, as traders seek to settle in BTC during unfavorable times.
While BTC continues to control the market, the tide will eventually turn in favor of Altcoins in the foreseeable future, causing a possible start to the long -awaited support. Altcoin season. Meanwhile, Rekt Capital urges investors and merchants to be patient, indicating his confidence in the imminent altcoin season.
Huge funds flow to BTC to boost prices
Although price performance has declined, investors show a great interest in BTC as it is clear from the huge money flows in history Bitcoin exchange funds (ETFS). Economic Network and author Timothy Peterson I mentioned Capital flows exceeded $ 40 billion, which is its highest level ever.
The data reveals that the monthly amount invested in the investment funds circulated in Bitcoin has risen to about $ 5 billion since October. Specifically, net exchange products in drainage resumed their growth after one month of recession.
Consequently, the economist is sure that a continuous rise in The flow of capital It would lead to a monthly increase in the BTC prices between $ 10,000 to $ 15,000. This growth indicates an increase in adoption and demand for BTC through financial products.
Distinctive image from Adobe Stock, Chart from TradingView.com
