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Bitcoin price continues in the low direction and a failure to restore $ 90,000. Bears have dominated during the past few months, and bitcoin with a bitcoin from more than $ 100,000 to less than 80,000 dollars, before bounce to $ 83,000. Now, these developments raised doubts about the minds of investors about whether to run the bull might have ended. However, there is still some hope in the leading cryptocurrency You can see a bull market restarting.
Bitcoin needs to properly scan $ 86,190
Rlinda encryption analyst on TradingView on the web Make up The price of bitcoin began to show some positive signs after the collapse of more than 20 % of its high price at all. However, even these positive trends are not enough to indicate that there is a break in the declining direction, especially since there are still main levels remaining for the cryptocurrency to restore before confirming the appropriate interruption.
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Bitcoin price has shown some strength, especially since recovery of $ 80,000. The analyst said this force is the motivation behind local growth in indicators, as well as talks and expectations that the Federal Reserve may reduce interest rates. All this comes in the middle of the brutal tariff war that fought between the United States and China, which was the main driver of accidents that the encryption market suffered.
With the current recovery, the bitcoin price faces a critical level that can determine the course of the following procedure. The main point is the $ 86,190 resistance, which must be invaded by the cryptocurrency, especially for bullies looking for a recovery confirmation.
As the encryption analyst explains, the BTC price is now moving beyond resistance to the concession channel, with uniformity before the level of 86,190 dollars. Therefore, if Bitcoin is able to properly wipe this resistance, then the additional increases on the horizon.
Once it is overcome, the following main resistance is located and then 88,800 dollars. This indicates that there is still a long way to go to go before that Restore 90,000 dollars again.
The downside can last longer
Although hope lies above 86,190 dollars for Bitcoin investors, there is still a possibility that the price will decrease if the resistance is not wiped. If the bears are able to overcome the price, the support levels begin to decrease and decrease.
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Of the current levels, the encryption analyst says The first support lies at 83,170 dollars. With this point win, the following main support is less than $ 80,000 at $ 78,170. This would send it again towards the lowest levels of March 2025.
“But with regard to 88800, we will have to see the price reaction,” said Rilinda. “The sharp approach may end with the aim of the initial test of the level in a wrong and correct outbreak.”
The graph from Tradingview.com
