“The Blind Temple is collapsing”: Analysis Company says that the upholstery signal of Bitcoin is overflowing
Crypto Analytics Swissblock says that Bitcoin (BTC) may end.
Swiss He says The Bitcoin’s declining structure is “collapsing”, as the encryption king is separated from a declining pressure pattern to a bullish quadrilateral – a price area indicating the bullish price momentum.
“Historically, this indicates more bullish direction, until the short decline will not stop it.”
Swiss He says Bitcoin price was relatively fixed earlier this week as the shares were decreased in the value. According to the Analysis Company, a low risk system is close to risk, and this will provide a “perfect preparation” for the encryption king. However, Swissblock says that before ascending, Bitcoin can decrease by 5 % of the current level to about 80,000 dollars.
The analysis company is more He says Long -term Bitcoin holders hold a company and do not sell “fear”. Quoted from data from Swissblock Technologies, the Analysis Company says the worst sales by their owners in the long run ended and were not intense as what happened in July and August 2024.
With regard He says The holding of adult BTC holders has reached the highest level for a year after the resumption of the accumulation this month.
“The whales have been on the verge of arresting the high property at half.
Strong hands accumulate faster, keep the price, but, of course, waiting for the best attempt. “
Bitcoin fell the fourth half on April 19, 2024. Bitcoin is trading at $ 84,490 at the time of this report.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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