gtag('config', 'G-0PFHD683JR');
Price Prediction

Bitcoin – analysts predict correction to less than $ 94,000

The cause of confidence

The strict editorial policy that focuses on accuracy, importance and impartiality

It was created by industry experts and carefully review

The highest standards in reports and publishing

The strict editorial policy that focuses on accuracy, importance and impartiality

Morbi Pretium Leo Et Nisl Aliguam Mollis. Quisque Arcu Lorem, Quis Quis Pellentesque NEC, ULLAMCORPER EU ODIO.

The last Bitcoin climbed to $ 105,000 has not made a lot to hack from the anxiety that accumulates about its momentum. The largest cryptocurrency in the world has been achieved 0.03 % in the past 24 hours, but it is still 3.5 % less than it was a week ago.

According to Captain Vibik analyst, this mixture of flat gains and faded power may mean that traders buy Bitcoin On top.

Related reading

Rsi downty of spacing indicates weakness

Based on the data, the RSI index was drifted to the bottom after the peak near 80, even as Bitcoin price I pushed to the highest fresh levels. The relative power index is now sits in 61.88, and it is a clear sign that buyers are losing Steam.

Merchants often see this type of mismatch – when the price rises but RSI decreases – because it can spell the next decline. History shows that it does not always lead to a crash, but it makes a more likely correction.

After carving its highest fresh levels, it seems that Bitcoin has reached its roof, according to Labic, and it can be a decline to the area ranging from 92,000 to 94,000 dollars on the cards.

This setting usually raises a rapid correction, so that many merchants closely monitor and tighten their strategies because the market can turn into a hurry.

Resistance levels keep the price

Bitcoin collided with severe barriers about $ 108,000 and $ 109,000, both of which were determined on May 19. Also, the rising trend line from December 2024 was also setting gains for weeks.

These levels prove difficult to clarify. If Bitcoin is not able to penetrate soon, sellers may interfere. FAIBIK notes that hitting these walls and seeing the difference of RSI at the same time often represents the high point before decline.

BTCUSD trading at $ 104,919 on the 24 -hour graph: Tradingvief

This activity indicates caution

the Derivatives The market adds another layer to the story. The volume of trading in the future contracts for bitcoin and options increased by 1.60 %, as the total activity reached about $ 100 billion. Open attentionAt the same time, it decreased by 1.30 % to nearly $ 70 billion.

This indicates that some players close their bets instead of stipulating the new players. Within the past 24 hours, the references spent $ 71 million in long positions. This type of pain can lead to more sale if people rush to protect their profits.

Related reading

Previous patterns offer mixed lessons

If we look back, Bitcoin’s recovery in 2022 follows a different book. At that time, the price is low near $ 16,000 and a force built even with the high force of the relative index of sales levels. This setting led to a strong gathering. Today, though, RSI is not anywhere near the sales lands. It is more than a green light warning.

Captain Vibbeck states that the last victory does not guarantee future results. Conditions now include high interest rates and deeper institutional benefits, which can change how Bitcoin interacts with the same signals.

A distinctive image of trade brains, tradingView graph

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button