The encryption analyst, which has been widely followed, is located where Bitcoin (BTC) may find a bottom amid market disturbances caused by US President Donald Trump’s tariff.
Strategic expert Chept Capital Recount Its 542.6,000 followers on the social media platform X The RSI Index – a technical indicator indicates that the momentum of origin is due to the reverse cycle – indicates that Bitcoin may carry $ 70,000 in support.
He says Rekt,
“The more daily RSI RSI in Bitcoin at the RSI Sub -28 levels that will not necessarily put the price of the price. Actually, historically, the actual price bottom will be -0.32 % to -8.44 % less than the price at which the first price can accommodate.
Also analyst He says The first signs of the opposite of the potential bullish reflection of Bitcoin will be when the main encryption assets are broken and resisted at 78,550 dollars.
“Bitcoin has failed to re -test its lowest levels of $ 78,550, and these bottoms may appear as new resistance in the future. In order for the price to be adopted, you will need to restore these bottoms as support to challenge the declining (green) direction. “
Also analyst Notes Bitcoin has introduced a trading volume on the weekly graph about $ 70,000, which also indicates that BTC needs to re -test this level.
“Bitcoin suffers from a continuation of the negative side after the bullish explosion in its lowest level in early March. After this red level has confirmed as a new resistance, BTC is now declining to the 71,000 to $ 83,000 size gap.”
Bitcoin is trading for $ 7,7500 at the time of writing, a decrease of 1 % in the past 24 hours.
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