Is the price of Bitcoin (BTC) in the end in the wake of the greatest crash in the date of encryption?
The recent collapse in the cryptocurrency market raised many questions among investors. ParabolicPump, a encryption analyst, believes that the bottom may be already. He points out that this incident was the largest in the date of encryption, as it exceeded important events such as Covid and FTX.
Usually, these surrender events indicate the bottom of the market and represent the main purchase opportunities. but, ParabolicPump It is still cautious, indicating that the course has not yet ended and that the best times are still in the future.
BTC technical analysis and price work
Another voice in the conversation ChipotomWhich has an optimistic look at the bitcoin price. It indicates that Bitcoin is currently re -testing of the falling pattern. This style is generally seen as bullish, and if Bitcoin can maintain its location, this may lead to this New levels in all ages.
The encryption expert emphasizes that if Bitcoin rises from this test, this may indicate a strong upward momentum, which may push the price to unprecedented levels.
Bitcoin’s artistic chart analysis reveals some critical ideas. He appears Sufficler fall pattern It was recently broken into the upward trend. This penetration is great, as the fallen pegs often indicate an upward movement in the future.
Currently, Bitcoin seems to re -test the upper limits of this bend. Successful re -tests are usually seen as confirmation of penetration, which sets a strong basis for other gains.
Possible results and future expectations
There are two main types of view. If Bitcoin rises from this test, it indicates a strong rise momentum, as it is in line with the optimistic narration that an absolutely new height on the horizon.
Also read: Litecoin (LTC) holds a major support: An analyst predicts $ 200 goal
On the other hand, if Bitcoin fails to keep its location during the re -test, a decline may occur to about 95,000 dollars. Despite this possible decline, many analysts view this level as a support zone, which may still lead to a gathering towards its highest new levels.
In general, the analysis indicates the bullish feeling of Bitcoin. Even in the event of a withdrawal, the broader trend remains bullish, driven by the upscale nature of the fall of the fall of the fall. In addition, Altcoins indicates that other cryptocurrencies can also face gatherings besides Bitcoin if its price continues to rise.
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