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While Bitcoin (BTC) tries to get out of its weekly scope, its price is the resistance barrier of $ 99,000 -100,000 dollars, which leads to strengthening the upward feelings among investors. Many analysts predict that the next pioneer fan at all times (ATH) is just around the corner, as some indicate that the initial jump can come in the coming days.
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Bitcoin to $ 100,000 this week?
Over the past two weeks, Bitcoin has recovered from its sub -correction $ 80,000, with a sign of $ 90,000 and the resistance of $ 93.5,000 to re -enter the price range of elections after the United States.
Amid its recovery, the cryptocurrency has been unified between 93,000 dollars-96,000 dollars, moving sideways over the past weeks. The beginning of the month’s pump witnessed that BTC explodes from this range after its pressure during this period, which is similar to its performance two weeks ago.
Daan Crypto Trades explained that BTC rose to the area of 83,000 to 86,000 dollars during the mid -April recovery period, as it united for more than a week before a small outbreak by 2 % towards the resistance of $ 8,7500. This was followed by a “tight seal” for two days and a team in a new top range.
Bitcoin suggested that a “similar setting as the previous week” would offer and its pressure ranged in the area of 93000 and 96,000 dollars and jumped about 2 % to 97,700 dollars.
In addition, the largest phase of encryption in the “narrow berries” market could start on the market, as its price hovered between 97,050 dollars and $ 97700 in the past few hours.
If BTC repeats its last performance, the main encryption may accumulate about 8 % towards a new scale at the end of the weekend and re -test 99,000 dollars to $ 100,000 in the coming days.
BTC resembles Q4 2024 price procedure
Meanwhile, analyst Rekt Capital suggested that Bitcoin could repeat her performance Q4 2024. High BTC recovered from its negative deviation to restore the scope of the last accumulation, but it faces lower resistance within this region.
It is worth noting that the cryptocurrency witnessed the same position in the scope of after -half -re -accumulation, which was initially rejected from the highest level to a decrease to its lowest level. After weeks, Bitcoin erupted over the low high resistance, resting it as support before going out and height to a new ATH.
The analyst pointed out that the idea was explored for the first time before the American election pump, indicating that BTC can mimic the Q1 2024 rally, which is fueled by the boxes circulating on the American Bitcoin Stock Exchange (ETFS).
“The hair will be if Bitcoin repeat history and follows it on the same path in this current range as well,” he said.
However, Rekt Capital detailed that in order to repeat the date, Bitcoin must be rejected by $ 99,000, bearing a mark of $ 93,500 as support, breaking the range from 97,000 to $ 99,000 before refusing it to resist 104,500 dollars.
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Next, the leading Crypto will need to keep a range from 97,000 to $ 99,000 as support for the similar penetration of the new ATHS.
analyst conclude If Bitcoin continues to hold a $ 93,500 mark, the price will be placed to move via the accumulation scope. However, BTC must break “black black resistance in this range, which is placed in about $ 99,000 this week.”
As of the writing of these lines, Bitcoin is trading at $ 97,461, an increase of 3 % in the weekly timetable.
Distinctive photo of Unsplash.com, Chart from Tradingview.com
