An analyst, who was armed at the end of 2021 from the bull market, says that Bitcoin may have witnessed the worst correction – here is the reason.
A strategic encryption expert, who was carefully launched at the top of the Bitcoin Bull 2021 market, believes that the worst BTC collapse is now in the rear view mirror.
Naqeh analyst Dave wave Recount His 148,800 followers on the x social media platform that bitcoin is about to sculpture the bottom of this correction.
According to the analyst, the negative capabilities of Bitcoin are currently limited based on many technical indicators.
“Thinking that we have seen the worst multi -BTC correction:
1]Diameal Support is coming
2]0.38 Repeat Vibonacci’s retreat
3]0.5 Fibonacci resistance and resistance returns to support
4]Time Fibonacci until the end of April
5]Average movement for one year. “
Traders use the Fibonacci extension tool to determine the potential reflection price areas based on the Fibonacci ratio. Looking at the trading scheme, it appears to indicate that BTC will turn to $ 74,000 as three technical indicators converge to serve as support including 0.5 Vibonacci level, high and medium moving timeline line for one year.
At the time of this report, Bitcoin is traded for $ 79,361.
While some prominent encryption strategies believe that the Bitcoin Bull market has ended now, the Dave The Wave predicts that BTC will witness a profit of more than 2x after its decrease to the price level of $ 74,000.
“BTC djelt before dawn.”
Based on the merchant scheme, it appears that Bitcoin is expected to rise to the highest new level ever at $ 160,000 before the end of the year.
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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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