The analyst defines a history when “inevitable outbreak” from Bitcoin has the highest level ever
The basic procedure for Bitcoin (BTC) shows signs of what the analyst called “inevitable outbreak” towards its highest levels.
According to Michaël Van De Poppe, Bitcoin is approaching a critical resistance area near $ 110,500, which should be considered “the area we need to break to break the upper momentum.” mail On June 28.
The analysis indicated that the step exceeding $ 110,500 can lead to a rapid increase towards record levels.
It is worth noting that the previous penetration above 106,500 dollars paid the price to 108,000 dollars, which indicates the speed of bitcoin’s transition as soon as the main liquidity levels violate.
“On this level, we mean that we start accelerating with the basic procedure towards the new ATHS, just like the previous break of more than $ 106,500, the procedure has rushed about $ 108,000,” the analysis indicated.
Poppe also also highlighted that Bitcoin recently cleared liquidity near $ 108,924, but he only witnessed a “slight decline to return to ATH”.
He added that the current monotheism, which is more than 107,000 dollars, is upward and can help the assets climb to a new record next week.
The main liquidity area of Bitcoin to watch
Support the ability to hit Bitcoin at a new level in the coming days is an analysis by TED PLOWS in X mail On June 28.
According to the expert, Bitcoin shows a strong momentum towards liquidity teams of $ 108,000 and $ 109,000.
He accompanied his outlook on Bitcoin liquidity, which shows important comfort orders stationed in this region. If BTC claims this level, this may increase the purchase pressure and pave the way for penetration to the highest level ever.
Bitcoin price analysis
At the time of the press, Bitcoin was traded at $ 107,256, an increase of about 0.25 % in the past 24 hours and more than 4 % last week.
While all the elements indicate the outbreak of upward prices if the virgin cryptocurrency fails to keep their current levels, new purchase areas may appear at 105,500 dollars and even less than 100,000 dollars. These areas have seen the accumulation of liquidity and can attract immediate purchase if the price decreases again.
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