The BTC price was struggling because it reached the highest new level ever at about $ 112,000. Since then, it has been regained a little and has now been traded at $ 103,880 at the time of writing this report. The analyst has great hopes that the current declining step is only temporary and discusses the high price of bitcoin in this course.
Analyst, known as astronomer On x (@Aastromaner_zero), this current price zone is believed to be about $ 103,000, the end of Bitcoin’s decline. According to him, the weekly closure was expected to be near this level along as part of the final shake before a huge match. He says this is where to participate in BTC again.
A final decline before the large BTC price moves
The astronomer explains that this last segment of the BTC price is not a sign of weakness. Instead, it calls it a “final decline” planned that fits a greater bullish strategy. In his opinion, I entered the final Bitcoin The accumulation area Before exploding towards a huge goal of $ 170,000.
This batch is expected to start soon. In fact, he says that July is the first point where the upscale prices were allowed, as the last window was six weeks. This means that the current price space can be one of the best entries before BTC begins climbing.
Interestingly, the astronomy is to stick to Altcoins at the present time. It is expected that BTC will move before expanding Altcoin sites. He believes that Bitcoin needs to drive the road and determine the broader market tone. Until then, he was sitting on the margin when it comes to altcoins.
According to him, patience is the key. Current feelings in the market tend to fear, as the bears celebrate every 1 % to 5 %. But he warns that this is the type of market mood that often appears before the large gathering. In this case, he says that the potential step is more than 60 %, which will take BTC from the current level to about $ 170,000.
Bitcoin price timing
The astronomer does not give an accurate history, but his timeline indicates that the big Bitcoin step may come at any time between early July and mid -August. This gives about six weeks a BTC window to move from integration to gathering.
This is a great time to start building positions gradually while the market is still calm. It confirms that the key is to stick to the plan, and now, the plan is just as expected.
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Even with the last decrease from $ 112,000 to $ 103,880, the BTC price remains in a long -term upward trend. If the astronomer prediction is rising, Bitcoin can jump more than 60 % of here. This will not only be a tremendous gain for investors, but also may also pay a renewed interest in the encryption market.
Currently, the focus is on the next few weeks. If the price revolves around the current range and began to show signs of strength, we may see the beginning of the next main Bitcoin leg towards this ambitious target of $ 170,000.
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