Despite the unification of Bitcoin (BTC), trading expert projects are preparing for the outbreak of about $ 120,000.
In this case, a prominent online analyst Tradingshot He pointed out that Bitcoin almost touched the moving average for four hours 200 (MA) on Saturday, which is a decisive level of support since April 16.
On June 2 Tradingvief mailand Tradingshot Note that after testing this level, BTC was fresh immediately. Although the upscale reaction was moderate since the price movement is still limited less than 6 hours of 50 hours, there are convincing reasons for an imminent outbreak.
Specifically, the formation of the blue bow pattern over the past three weeks reflects the price of the price seen during the previous summits and withdrawal since the bottom of Bitcoin in early April. These bow patterns historically indicate a significant upward momentum as soon as the price is broken above the resistance.
In addition to the upscale issue, the RSI index decreased for four hours (RSI) in the excessive sale area for the first time since April 7. This case indicates that bitcoin may be prepared due to a sharp reflection, with the benefit of reduced prices.
The next price goal for Bitcoin
Even the weakest crowd of this long -term upscale leg has witnessed gains of at least 16.06 %. If 4h MA200 persists in keeping bitcoin above 4H MA50, Tradingshot The minimum short -term is expected by 16.06 %, which pushed BTC to about $ 120,000.
As you mentioned, Vinci, Tradingshot He previously suggested that historical price movements indicate that bitcoin could reach $ 200,000 by late 2025.
Meanwhile, a pseudo -name analyst el_crypto_prof Highlight the preparation of a familiar scheme in X mail: A final small decline before a strong increase.
With BTC hovering over 104,000 dollars, set 102,000 dollars as a major entry point and $ 97,000 as a critical floor of this upscale scenario.
Bitcoin price analysis
Bitcoin has been traded at $ 10,212 at the time of the press, a decrease of about 0.9 % over the past 24 hours. In the weekly schedule, the original also decreased by 2.8 %.
Despite monotheism, the artistic structure of Bitcoin is still optimistic, as the price is largely more than 50 days moving average (98,885 dollars) and 200 days SMA ($ 86,995).
This alignment indicates a strong upward trend and continuous upward momentum. Meanwhile, the relative strength index sits for 14 days at 54.83, indicating neutral conditions.
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