Bitcoin (BTC) is still risking a collapse to $ 75,000 as twice the price of BTC accelerates to the weekly closure.
How low BTC price is the price before finding the bottom? Popular market participants weigh data from Cointelegraph Markets Pro and Tradingvief BTC/USD appears less than 3 % on March 9.
Bitcoin eats through the liquidity of giving
Military orders are a region with intense interest among the Bitcoin merchants as the weekly candle is approaching.
The filtering levels on both sides of the immediate price are mature to take, as Longs already pushes as BTC/USD to $ 83,000.
“The filter map says: Whale hunting stops!” The famous trader Thekingfisher wrote in A. warning To x followers a day.
“Many long qualifiers about $ 84,300! Standed shorts near 86500-87000. Learn these levels to stop losses! “
Bitcoin exchange data. Source: TheKingfisher/X
Data from a monitoring resource Coinglass It currently puts a total of 24 hours a day with more than $ 300 million.
Thick liquidity across the stock exchanges was just less than 83,000 dollars at the time of writing this report, with an immediate price close to the decline.
BTC Filtering Map (Screen Screen). Source: Coinglass
$ 75,000 BTC declined after that?
Can multiple levels in February $ 78,000 are just the beginning?
The BTC’s declining price indicates that the market has not been re -testing unprecedented levels since November last year.
For famous merchants MIKYBULL CRYPTO, there is a clear opportunity because Bitcoin will re -test the simple moving average for 50 weeks (SMA).
“BTC is likely to have a possible local bottom support,” he Propagate.
BTC/USD scheme for a week with 50sma. Source: MIKYBUL CRYPTO/X.
The BTC/USD last time with SMA for 50 weeks in September, but she avoided a weekly candle from below March 2023.
Meanwhile, 200 -day SMA has returned to the radar, challenging prices as support for the first time since October.
BTC/USD scheme for one week with SMA for 50 weeks and 200 days. Source: CointeleGRAPH/TradingView
95 % possibilities that will be held by $ 69,000
As Cointelegraph said last week, the BTC price mechanism is historically accurate that the real floor is now about 69,000 dollars.
Related to: Bitcoin gets March 25, “the date of the explosion”, with the US dollar dropping for a period of 4 months
This BTC/USD will have the highest level ever 2021 ever and puts a 37 % mark for its current correction.
The lowest price is given 95 % that bitcoin will not decrease. Its impressive record, after he mentioned correctly that BTC/USD will not reconsider $ 10,000 after September 2020.
Bitcoin is the lowest price. Source: Timothy Peterson/S
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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