Main points:
-
Bitco (BFI) says Bitcoin is not in a line to cancel its attack at its highest level.
-
Swissblock Technologies says the BTC price is “sound”, and it removes the risk of a dual summit.
-
Historically, returning to 10 % of its highest levels ever provides the discovery of prices almost every time.
A new analysis says that Bitcoin (BTC) does not risk the reflection of the “higher” bull market with its journey after $ 107,000.
In one of X’s last updatesSwissblock Technologies Swissblock Manager described BTC as “sound”.
The BTC price index ignores the dual “noise” price
Bitcoin shows “there are no signs of a decreased difference”, as it appears through the network of network indicators.
Commenting on the latest signals from the BITCOIN basic index (BFI), Swissblock argues that although it is less than $ 5,000 of its highest levels ever, BTC/USD is not about to give up paying it to discover the price.
“A lot of noise around a potential double top where BTC $ is struggling to break ATH,” summarized.
BFI combines many indicators in one oscillator to provide an insight into the strength of the trend at a specific price point.
Since August 2024, BFI has strictly held its middle territory around the 50/100 brand, regardless of price movement.
“Even during the retreat in February, it carries a neutral, and has never drowned in weakness.”
Swissblock explained that if BTC/USD will reflect now and go down, leaving its highest level at all times, it will be BFI already “collapsing”.
“Power on the series is sound.”
“Bears: Not this time, you should wait.”
Statistics prefer Bitcoin Bulls
This perspective is in harmony with the majority of participants in the popular encryption market this month.
Related to: 107 thousand fake dollars or the highest new levels ever? 5 things to know in Bitcoin this week
As CointeleGRAph continues to report, it is expected to re -discover the price sooner and not later, with the BTC price this week already at $ 116,000.
On this topic, the network economist Timothy Peterson used statistical analysis to take a trip to at least $ 115,000 by the end of June.
“Bitcoin has decreased to 10 % of its highest level ever,” part of Own X Post From May 9 he reads.
“What happens after that? This has happened nearly 300 times since 2015. Within 50 days, Bitcoin has ever achieved 98 % of the time.”
Peterson acknowledged that post -2012 gains were more modest than those previously, with an average of 8 % of the BTC/USD goal of a goal of $ 125,000.
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.
Related Articles
