Leave responsibility: The opinions that our book expresses are their own and do not represent the opinions of U.today. Financial information and the market provided to U.today is for media purposes only. U.Tode is not responsible for any financial losses that incurred it during the trading of encrypted currencies. Perform your research by contacting financial experts before making any investment decisions. We believe that all content is accurate from the date of publication, but the presentations that have been mentioned are no longer available.
The cryptocurrency analyst and merchants on Martinez has published new data revealing a possible threat to the current bull market. He revealed the decisive level of bitcoin, which should not be crossed by bears.
Names of analysts are critical bitcoin level
Martinez revealed a critical level of bitcoin on the graph – 97,877 dollars. This is where a huge amount of BTC was assembled, so, “This level is of decisive importance.”
If BTC can adhere to it, the bull will probably run, as the analyst believes. If Bitcoin loses this decisive level and decreases less than 97,877 dollars, then it is also less than $ 91,700, the entire bull market can be placed at risk, the expert believes.
Bitcoin continues to rise despite the Fed of Hawkish mode
Over the past 24 hours, Bitcoin, Bitcoin, has increased that added approximately $ 4000 to its price, as it got from 101,764 dollars to 105,442 dollars. The price increase occurred despite the statement of the Federal Reserve Chairman, Jerome Powell, about the lack of plans to reduce interest rates more.
Bitcoin has not yet been done by the Fed’s Hawkish mode. However, at the present time, BTC fell slightly and hands changed at $ 105251 per coin.
The Federal Reserve turned into a Dofish’s position last year, in September, when it started reducing interest rates for the first time in four years and made several price cuts from 50 and 25 basis points. Low prices mean that more free liquidity can enter the market. However, the price of bitcoin gradually began to rise. However, the real prices began to rise in November – after Donald Trump’s electoral victory.
Related
Hot discussions about the encryption reserve
Currently, hot discussions take place between members of various encryption communities on social media, and on the X platform in particular. One of Trump’s promises during the election campaign was to embrace Bitcoin and turn the United States into a global mining center for bitcoin and encryption.
He said he would create a strategic Bitcoin Reserve and that BTC may help the United States even reduce its national debt. Now, the maximum bitcoin insists that BTC should only be included in the possible encryption reserve. Meanwhile, supporters of other metal currencies, including the CEO of Ripple Brad Garlinghouse, says it should be a multiple reserve.
