Reason to trust
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Made by experts from the industry and carefully assessed
The highest standards in reporting and publishing
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Morbi Pretium Leo et Nisl Aliquam Mollis. Quisque Arcu Lorem, Ultricies Quis Pellentesque NEC, Ullamcorper Eu Odio.
Last weekend was favorable for Bitcoin, because the price could Rebound of the lows last week And continue on recovering $ 108,000 for the new week. This has again stimulated the market sentiment, which means that investors return to the table. However, while the price stays in the green, a crypto analyst has received the alarm that the Bitcoin price is on its way to a new crash to the support area nearly $ 100,000.
Why a Bitcoin -Prijsscrash is on your hands
In the TradingView -analysis, the crypto analyst reveal The reason why the Bitcoin price could dump back down is due to the confirmation resistance. This is because, since the leading cryptocurrency goes to new highlights of all time, there is the possibility to have a pushback before it can continue its rally.
Related lecture
In this case, the Crypto analyst expects the Bitcoin price to rise. But they see a lot of resistance for the digital active just above $ 109,000. More specifically, for $ 109,500, which is still a way of the $ 112,000 needed to create a new of all time, it is expected that the cryptocurrency will meet new resistance and dump back down.
This stiff resistance offers an opportunity for market shooters to enter into trade. According to the graph, it is possible that the Bitcoin price actually goes to the low $ 100,000. Currently, There is major support for $ 102,500And if the digital assets loses its foot, this is probably where the Bulls will organize their recovery again.
Sweeping for liquidity at lower series
Has another crypto analyst, Riscora, has supported This step with their own analysis, also predictively that a pullback is possible from here. This still comes down to the mounting resistance while the Bitcoin prize goes in the direction of the possibility of achieving a new of all time, and the budding liquidity rises at the lower levels.
Related lecture
The analyst explains that as the liquidity is now taken at the higher levels, after Bitcoin has reached $ 108,000, there is certainly a correction. This time they expect that the correction will be much deeper in view of the recent bullish impulse movement. The target of her sister a step back to the $ 107,000 territory, before she goes further down to get the support of $ 106,400.
Despite the expectation of a price dip, the analyst warns that the Bitcoin price from here will generally remain bullish. As the cryptomarket is in July, which is usually bullish for Bitcoin, it is possible The cryptocurrency has placed a new all time This month, since there is less than 5% left to beat its current $ 111,900 peak.
Featured image of dall.e, graph of tradingview.com