Bitcoin analysts say that Bitcoin is still at risk of decline, and must exceed $ 102,000 to stay on the right track for potential bounce.
BitFinex analysts He said In the market report on Tuesday that if Bitcoin (BTC) can exceed the area between 102,000 and 103,000 dollars for a sustainable period, this may indicate that the market is effectively absorbing the pressure pressure. ”
Bitcoin is a possible bold play with a great return
Analysts said that “some negative risks are still standing” for Bitcoin amid the fluctuations of the macroeconomic economy and the military escalation between Israel and Iran, but it provides a high but possible opportunity for investors.
Analysts said: “This environment now reflects a highly dangerous and high opportunity to continue in the upward trend in the event that the buyer returns.” Meanwhile, Matthew Hayland Matthew He said On x that “volatile price movement but still in a bullish direction for BTC.”
There was strong optimism that Bitcoin would be tested at all $ 111,940 last week, which was liberated after Israel carried out dozens of air strikes in Iran on Thursday evening.
In 90 minutes after news of Israel’s bombing, Bitcoin fell by 2.8 % from 106.042 dollars to $ 103,053 before recovering to $ 10,790 at publication time, According to To Coinmarketcap.
Despite the uncertainty in the macro, the traded boxes in the sales continued to see strong flows throughout the week, reaching six consecutive trading days in a row on June 16 with 412.2 million dollars coming, According to To Farside data.
Bitcoin will not decrease at the past speed
BitFinex analysts said that even if Bitcoin’s trends are less, the decline will not be sharp as in the past years. In August, Bitcoin fell about 20 % to $ 53,991 in just 10 days.
July 1 coincides with the beginning of the third quarter, which was historically the weakest period for Bitcoin in terms of average revenue since 2013, According to To data from Coinglass.
While giving more expectations, analysts said the current market conditions “also similar to the previous surrender settings that usually lead to the unlike bitcoin shortly after aggressive sale.”
However, some analysts believe that the price of Bitcoin may have been gifts today. Cross dealer Dan Chipiro He said In the X Publishing on Tuesday that “Bitcoin has struggled to break its current high area at all and has stopped at the present time.”
Dan said that Bitcoin’s long -term trend was “very clean”, but he watched the market support squad to determine the next step for Bitcoin.
“The course has now continued for a long time, so adhering to the Support Market Support squad will be very important to maintain the momentum of this tournament,” said Dan.
Related to: 25 % of the high bitcoin price to follow up today’s correction was appointed if the date is repeated
Danny Marques, EY and Trader Crypto strategic expert, presented a more optimistic look, male“The current step has a large space to expand structurally, momentum, and psychologically.”
“Bitcoin has not entered the euphoria yet,” Marquis said.
However, although many participants in the encryption market – including Michael Saylor of the strategy – expect Bitcoin to avoid another encryption winter, some analysts remain skeptical.
“It is very likely that one of them will happen after this bull market.” He said.
magazine: Arthur Hayes does not care when bitcoin predictions are completely wrong
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
Related Articles
