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Crypto analyst Master Ananda has claimed that the soil follows the Bitcoin price after being Solid crash under $ 80,000 Last week. In accordance with this, the analyst revealed what he could then expect from the flagship Crypto.
In one TradingView -messageMaster Ananda claimed that the soil is based on the current Bitcoin price promotion. He stated that last week’s drop, touch-and-go, is the perfect soil signal. The analyst also noted that $ 78,300 can be considered the soil, which represents a decrease of 28% from BTC’s All-time High (ATH) from $ 109,000.
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Master Ananda also noted that this was a classic retirement, because there is always one after a strong Bullish breakout. He explained that this classic retirement is good for the Bitcoin price, because the flagship Crypto will take the time to build up strength. The analyst added that taking the time to grow is good and the only way to work if BTC is higher in the long term.
In the meantime, what the next is for the Bitcoin price, the crypto analyst stated that on average the daily price increases of $ 500 or $ 800 can reveal how long it will take to reach higher prices and higher levels in the coming months. Master Ananda then suggested that the Flagship Crypto could reach $ 200,000 Next month.
Master Ananada then advised market participants to buy and keep if the low is for the Bitcoin price. He added that the market gives a second chance because market participants get the chance to buy at relatively low prices. The crypto analyst also said that BTC is in an accumulation phase and claimed that it will rise and will continue to grow in the long term.
BTC that momentum recovers
Crypto analyst Titan van Crypto Also confirmed that the Bitcoin price is redesigned at the Momentum. He noted that BTC responded strongly to the Kijun who acts as a support on the weekly graph. The analyst added that a weekly close to the Tenkan at around $ 94,000 would confirm a shift in Momentum and reinforce the bullish case for the flagship crypto.
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In the meantime, the analyst claimed in another X post that the Bitcoin Bull Market is still on. He claimed that, according to the Supertrend -indicator, there was no bear market in sight. As such, the analyst is of the opinion that it is not yet time to be bearish. His corresponding graph suggested that the Bitcoin price could still collect up to more than $ 200,000 before the Bear Market starts.
At the time of writing, the Bitcoin price acts according to around $ 92,000, an increase of more than 5% in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of LinkedIn, graph of TradingView.com