Bitcoin price returns to unify the stage before the expected increase to 106,000 dollars -110,000 dollars
After the explosive collapse that exceeded Bitcoin to more than $ 100,000, the basic procedure has now settled to the familiar so far Strategic rhythm of monotheism. As of today, Bitcoin is trading about $ 103,000, and technical analysis shows that this stage can be calm before another important batch of about $ 106,000 to $ 110,000.
According to RLINDA, an encryption analyst in TradingView, the last monotheism is not a sign of fatigue but a strategy instead Restore it for the next leg.
Standardization of bitcoin between the main levels of momentum
Bitcoin’s height of the hack area of $ 97,860 to the resistance area of $ 104,300 is a clear distribution phase, and now the price ranges between 104,300 dollars and 102,300 dollars. It is easy to see that high prices have slowed dramatically during the past 48 hours.
However, the encryption analyst Note that This group -related movement is a positive development, indicating the continuation of ascension instead of weakness. It can work a recovery from the bottom end of this region, especially from $ 103300, or 102,300 dollars, or even less than 101,700 dollars, as a starting point for a break -up attempt exceeding 104,300 dollars.
It is worth noting that the analyst highlighted that this third test failed to pay the price to the resistance, which led to a local decrease instead. but, Violation resulting from $ 103336 It appears that the main strength is still intact. If Bitcoin successfully re -tested 103,600 dollars and bounces from the liquidity area between 102,700 dollars and $ 102,300, the leading cryptocurrency can make another attempt to break the resistance of $ 104,300.
If this is running, the next station may reach up to $ 106,000 or even 107,000 dollars, and from there, the additional momentum can pay the price above its highest level ever at 108,786 dollars up to $ 110,000 before the end of May. The goals of the price after this level It ranges from $ 120,000 to $ 180,000 Before the end of the year.
Graphic image From Tradingview: Relinda
Signals are enhanced by the series of upward expectations
This short -term monotheism is Do not talk in isolation from the pressure pressure. It is worth noting that the data on the chain and market morale supports the biological path for Bitcoin for the rest of the month.
According to the Crypto analyst Ali Martinez, more than 110,000 BTC was withdrawn from the central stock exchanges during the past month. As shown in The encrypted graph below, This has decreased the total Bitcoin reserves to exchange encryption from 2.57 million BTC to 2.45 million BTC.
This is a sign that investors transfer their property to cold storage or prepare for long -term reservation, which is what Reduces immediate sale pressure It supports upward prices.
table Image from x: ali_charts
Currently, the most important support levels that must be seen are $ 103,300, 102,300 dollars, and 101,700 dollars, while resistance levels to the highest new levels ever are $ 104,300 and 108,786 dollars.
At the time of writing this report, Bitcoin was trading at $ 103,670.
Distinctive image from Unsplash, tradingvief chart
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
