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Bitcoin

Bitcoin to 175 thousand dollars? The analyst says Moon Mission is “solid like a rock!”

Bitcoin (BTC) holds about $ 103,000, but calm may be the storm eye.

With the pressure of the fluctuation and the CME gap is still waving on the horizon like a ghost at 91,970 dollars, the encryption analysts are torn if BTC is heading to GLory at a price of $ 175,000 or prepare for a brutal fake.

Taurus issue: 175 thousand dollars or a bust?

Egrag Crypto is not the amount of words. In X recently mailThe analyst, the most famous by taking it on XRP, announced that Bitcoin, which will go to $ 175,000, was “solid as a rock!” According to him, this price zone is “Top Cycle Top” from BTC, in reference to Historical Ema Hercouts and the extension of 10x from the peak of $ 20,000 for the year 2017.

Trader Crypto indicated that in the past, Bitcoin pumped strongly whenever it was closed over EMA for 21 weeks. Its collapse: pump 1, 60 %; Pump 2, 170 %; Pump 3, 75 %. This is 101 % average leap, which EGRAG was applied directly to the momentum after April 21 in the market to reach the price level of $ 175,000. “Men lie, women lie, and the numbers are not,” he said.

However, not everyone dances. Investor Dan Chervir Trading is coloring A realistic weekend and low fluctuations, with BTC lock in a narrow range of $ 101,000 to $ 105,000. “We will not see much Bitcoin procedures at the present time,” ignore, citing low liquidity during the weekend and looming on the possible horizon.

Clear wrinkles

However, the CME gap is not packed between 91,970 dollars and 92,520 dollars feels a real development. Some merchants believe that BTC should reconsider this area before any meaningful climbing occurs.

“From the current price, BTC will need a decrease of about 12 % to close this gap,” said Egrag Crypto. However, it is Propagate There was more possibility of mobilization through $ 130,000 to $ 140,000 from Fibonacci levels before correcting 33 %, followed by a final batch to $ 185,000.

At the time of writing this report, BTC was still 4.9 % less than the top ever in January. Its last price represents a slight decrease of 0.4 % in the past seven days, but it still exceeds the largest decrease in the broader encryption market by 1.6 % in the same period.

The next step is very important: Will the pioneering encryption start to $ 175,000 as Permablls promised, or will the CME gap pull it first?

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