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Bitcoin can be the stage of the stage for a large reflection, according to the Crypto Btceave analyst. In a conversation After xThe analyst pointed to a major support zone to keep it, which enhances the possibility of formation below.
It is worth noting that the analyst said that the prices “respect the long -term blue support line”, which was originally created about “Breakout Rally”. The current structure refers to “a composition below possible near this region, supported by the size and behavior of the historical price.”
With the support of this step and the compatibility of the historical price behavior, the BTCEARTH believes that the current structure may represent the early signs of a bullish transformation of Bitcoin.
Washing prices for Bitcoin?
BTCEARTH indicated that the blue horizontal support line on the graph is closely in line with Bitcoin early Go out In September 2024, this level has since been a decisive support zone, after it was re -tested several times over the past months. It is worth noting that the last prices touch at $ 74,434 and 74,588 dollars formed another important bottom.
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According to BTCEARTH, repeated verification of this support indicates that Bitcoin builds a strong basis. If this structure continues, it may pave the way for Reflection ascendingEspecially as the momentum and behavior of the historical price, they support a possible outbreak of this field.
BTCEARTH has also confirmed that Bitcoin is currently being traded in the fall of the fall of the fall. In its scheme, the D line is a support base while the line E represents a concession resistance. The price procedure continued to press in this narrowing structure, indicating the outbreak of the horizon.
He pointed out that the confirmed step above the line E, especially one sustainable on a multiple daily candle, would verify the authenticity of the pattern and confirm the bullish reflection. Such a hack can pave the way for a stronger upward trend Merchants Learn about the shift in market building.
Main resistance and purchase areas
BTCEARTH is highlighted that the accumulated area ranges between $ 74,000 and $ 75,000 is still intact, providing a favorable preparation to gain risks for long jobs. The immediate resistance is located at $ 80,000. More resistance was found between $ 86,000 and $ 88,000, a region of historical monotheism and heavy size. The collapse over this area would significantly boost Bitcoin.
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Beyond that, he pointed out that the main horizontal resistance is near 100,000 dollars The ultimate goal remains. This level represents a psychological teacher and a decisive technical threshold. If bitcoin is adopted enough batch To survey, it can pave the way for fresh leg men in the long -term bullish cycle.
In conclusion, the BTCEARTH is highlighted that bitcoin settles over the critical support area, with a price structure, indicating a possible composition. The collapse above the E line can cause a strong emerging step towards a scale between 88,000 and 100,000 dollars. However, until this penetration occurs, caution remains very important, and the reservation strategy is included.
Distinctive image from Adobe Stock, Chart from TradingView.com
