“We are still in danger”: The encryption analyst reveals a decreased preparation for Bitcoin – and here is its goals
The trader and analyst who accurately expected that the encryption bottom in November 2022 warns that Bitcoin (BTC) may be on the verge of the declining direction.
In a new video, known as Donalt known as Donalt Recount 66,200 subscribers to YouTube Technical channel that remains Bitcoin is at risk of declining value.
“But we are still in danger. I do not want to talk a lot while we are in the area where we can easily reject us.”
The analyst says that bitcoin may be about to collapse at current price levels, or the main encryption assets may increase for a short period to the level of $ 90,000 before entering the direction of landing after facing the resistance.
“As for the bears, you can present an argument that this is good as it gets an area. Because, frankly, if this is not rejected here [in the mid-$80,000s]Where will you go? It is clear that you can hope for the wick about $ 90,000 and $ 91,000. I think this will be the only real declining preparation to be taken. But if you are like a convicted bear, like you have a conviction in your opinion and you don’t want to miss you like this is the best area to do this. ”
However, the analyst says Bitcoin may remain in a bullish cycle and restore the value of six numbers if the macroeconomic conditions improved.
“I think the best course of work is close to $ 90,000. Like, we start doing this, our head is positively above $ 90,000. Obviously, if the macro mode changes besides that, I think the next candle will be like this [to around $95,000]. Then the next candle will be like this [at around $102,000]. Then we will trade at $ 110,000-120,000 dollars.
Basically, the moment we return to above 90,000 dollars, there is a decent setting, stopping the loss here [at $77,000]Enter somewhere there [at around $90,000]Then the goal is above $ 110,000 to $ 120,000-1330,000 dollars. This is one of the best preparations that I see for the bulls. “
Bitcoin is trading for $ 82,788 at the time of writing, a decrease of 2.1 % in the past 24 hours.
https://www.youtube.com/watch?
Follow us xand Facebook and cable
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
