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after Bitcoin price increases above 94,000 dollarsTony Sevirino, a CMT analyst, released a detailed technical analysis that defines a clear strategy to navigate the next main step. While the monthly Heikin Ashi candle, the analyst shares the perfect time to buy Bitcoin, with investors warning of capabilities Cyepers in the bear market.

Bollinger BAND is the upper time to buy Bitcoin

Severino has available An in -depth examination for Bitcoin MarketIncluding investors and merchants, including himself, may consider re -entering based on the main market indicators and price procedures. The analyst a Bitcoin price scheme It includes monthly candles, Bolinger domains, and historical comparisons.

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The graph highlights that in late 2021, after its previous ATH, he touched Bitcoin Polyinger’s upper band But she failed to close it. At that time, this step was considered as a classic confirmation, which eventually led to a sharp and brutal reflection Bear market In 2022.

Quickly forward, Bitcoin hovers over $ 94,000, with the highest Bollenger Band mode at $ 108,000. According to Severino, the mere access to the top level of Bollengerer, as happened in 2021, is not enough to buy bitcoin in anticipation of increasing prices. Instead, the analyst confirms that a full monthly closure is needed above 108,000 dollars to confirm the outbreak The upward trend.

Bitcoin
source: Tony Sevirino on X

The analyst also revealed that he would consider buying bitcoin as soon as he closed this level enough. However, if the leading cryptocurrency fails to close the top Bollengerer for a month, it may reflect the double upper part 2021, which may lead to severe slope. The market bear this tournament.

In general, Sevirino recommends investors to watch closely Bitcoin work About this Bollinger Band key. And it confirms that maintaining the capital is much more than submitting to Fear of loss (FOMO). With high risks and increased fluctuation, the analyst believes this clearly Confirmation signals It is the only way to interact with the market safely.

BTC’s Heikin Ashi Candle fluctuates

While Severino confirms The perfect time to buy BTCAlso analyst Declare Bitcoin Hikin Ashi’s candles have turned into a vibration. The analyst participated for 12 weeks Heikin Ashi Candlestick chartThis indicates the early warning signs of Bitcoin flashing in the potential bear market.

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The planned to highlight the critical moment when the Heikin Ashi candle from Bitcoin turned into red color for the first time since its previous peak in 2014, 2018 and 2022. Historically, this signal was characterized by the beginning of the lengthy bear markets and Deep price corrections.

More promotion Habboudi expectationsSeverino indicated that Fisher turnsA technical indicator used to discover directional repercussions, displays a declining intersection, with a decrease in the Fisher Green Line below the red trigger line. In previous sessions, the more these two signs – Heikin Ashi and Fisher transformed – alignment, Bitcoin witnessed significant declines for several months, if not years.

Bitcoin
BTC trading at 94,799 dollars on the 1D graph | Source: btcusdt on Tradingvief.com

Distinctive photo of Pixabay, Chart from TradingView.com

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