A huge surrender to Bitcoin if BTC is less than the main support level, according to the encryption analyst
An analyst, who was carefully called the 2022 encryption collapsing, warns that Bitcoin (BTC) may need a major support level to avoid a severe collapse.
Capo nickname analyst Recount His followers 954,800 on the X social media platform that Bitcoin may decrease more than 37 % of its current value if you lose 92,000 dollars in support.
“After a strong bounce from the lowest level in April at $ 75,000, BTC now reached a targeted area from 92000 to 98,000 dollars that I have previously distinguished on the graph. To keep it simple:
- More than 92,000 dollars -93,000 dollars: ascending resistance, but strong from 96,000 dollars -98,000 dollars.
- Less than 92,000 dollars: decline.
In my opinion, we see the distribution of the low time frame at these levels. However, while it continues, Altcoins can continue to pump. I will start taking profits soon. “
Looking at his scheme, the analyst suggests that Bitcoin may decrease to $ 60,000 if it fails to get $ 92,000 in support.
Bitcoin is trading for $ 96,608 at the time of writing this report, an increase of 2.6 % in the past 24 hours.
Next, analyst Recount Its 125,860 subscribers remain on its Telegram channel that it remains upward on the GPU.
“Set up update (before and after). 60 % of the input. Level of $ 4.25 reclaimed. It looks good to reach the main goal.”
Looking at his scheme, the analyst suggests that Render will reach $ 6.58.
The offer is traded for $ 4.65 at the time of writing, an increase of 4.7 % a day.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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