The bitcoin price pattern is alluded to $ 100,000 target – here’s the reason

according to Data from CoinmarketCapBitcoin (BTC) decreased by 1.12 % last day, a price fee in the area of $ 103,000. It is worth noting that this slight decrease confirms a week other than quiet, as Bitcoin failed to maintain any convincing outbreak of prices amid an extended corrective stage. Interestingly, the famous market analyst with the Xername Titan of Crypto has weighted in the latest rejection of Bitcoin’s rejection highlights the goals of the potential negative side prices.
Bitcoin Bulls must intervene now – analyst
in X post On June 20, Titan of Crypto provides an in -depth analysis of rejecting the last bitcoin price. Cryptocurrency Premier began a price raised on June 20 to trade up to $ 106,000 as it faced strict rejection, which imposes a return to below $ 10,3157.
According to the Titan of Crypto analysis, the refusal of the Bitcoin prices at the price of the fair value (FVG), which means that the price has risen to the inefficiency area but was unable to penetrate. For the context, the FVG is a price imbalance or incompetence on the graph as the market moved very quickly in one direction as shown on June 20, leaving in an area where little or non -existent occurred.
However, the FVG falls within a larger similar triangle – a common scheme style indicating a period of monotheism before the main price moves. As shown in the graph above, it is formed by two close trend lines, and the structure of narrowing indicates increased pressure, and often leads to collapse or collapse with the demobilization of the guidance market.
Based on recent developments, BTC has re -tested and penetrated it through the lower limits of the similar triangle, indicating the possibility of more negative aspect. According to Titan of Crypto, the potential targets of the price for Bitcoin at this event include the lowest weekly level at $ 102, 679, which formed to work as a strong support zone that forces prices over about $ 100,000.
Bitcoin market overview
In other developments, Blockchain Sentora Reports Bitcoin network fees grew by 105.8 % on the weekly range, indicating an increase in transactions and user participation. Meanwhile, there was a prominent prominent flow of $ 2.06 billion, indicating the long -term market confidence as investors move their property to their own decentralized portfolio.
As we mentioned earlier, BTC is trading at $ 103,402 with losses of 1.88 % and 7.02 % on the weekly and monthly chat. Meanwhile, daily asset trading volume increased by 38.31 % and a value of $ 50.14.
BTC trading at $103,882 on the daily chart. Chart: Tradingview.
Distinctive image of Pexels, tradingView graph.

Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each diligent review page is subject to our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.