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Price Prediction

Analyst warns that Bitcoin enters over sales levels

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The Quinten Crypto recently revealed that Bitcoin entered Excessive levels. However, analyst Dr. Kat warned that, unlike public opinion, this development is declining, not upward, for the main encryption.

in X postDr. Kat stated that Bitcoin, which enters excessive sales levels, are “high -end levels” and that excessive purchase levels are “super between.” He explained that in order for the oscillator to reach the values ​​of sale, this means that Price It was very down, indicating the reason for selling investors from their holdings.

Why do Bitcoin enter the declining levels of sale

The encryption analyst also noted that the oscillator is indicators related to a scale, so they cannot exceed 0 and 100, because they are limited of sports formulas. However, he added that the price of bitcoin can rise or higher. Doctor Kat after that Markets bull bitcoinNoting that they are all in the peak area of ​​the purchase on the weekly graph.

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The analyst stated that if the investor bought a traffic status on the less time frame Bitcoin’s upper timeline It is my bullish, this is a good step. However, it has noticed that whoever is recommended to purchase a weekly scheme built on the basis of the claim that he is optimistic that he has no idea what they are talking about.

Bitcoin
source: Dr.cat on x

He pointed out that many altcoins enjoy each other on the upper timeline and can remain exaggerated as they approach zero, as the analyst claims that they are ultimately heading. Dr. Kat also explained that Valve marketThe excessive conditions in the daily chart may be distinguished by its lowest levels on the weekly or monthly chart.

However, in the bear market, excessive selling conditions may continue or lead to some unification before more negative aspect. After that, Dr. Kat referred to the Quentin scheme, which he said showed the daily conditions that led to the emergence of daily conditions to one year in the different market conditions. The analyst warned that he was not discussing whether Bitcoin was in a bull, bear or place market, but it simply clarified the wrong concept about excessive RSI and anxiety.

BTC request an overwhelming request at the present time

In X Publishing, CEO of Cryptoquant Ki Young Ju It revealed that Bitcoin’s offer is currently larger than her request at the present time, providing a downward view of the pioneering encryption. This supports the idea that BTC is currently selling, as it sells metal currencies instead of purchasing.

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Encryption Ali Martinez It recently revealed that the whales were getting profits during the last Bitcoin Rally, which has been unloaded by more than 29,000 BTC since April 9. It should be noted that Ki Young Ju recently confirmed that the Bitcoin market has ended, noting that the main encryption is witnessing great pressure in selling.

At the time of this report, the Bitcoin price is traded by about $ 84,600, a decrease in the past 24 hours, according to Data From Coinmarketcap.

Bitcoin
BTC trading at $ 84,630 on the 1D graph | Source: btcusdt on Tradingvief.com

Distinctive image from Adobe Stock, Chart from TradingView.com

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