One of the closely followed names of the crypto money world, Bitcoin (BTC) Contrary to his comments, he described the current market as “lifeless”. According to the analyst, Bitcoin (BTC) may experience decreases before it starts to rise.
In the world of crypto money Cantering Clark In a statement on his Twitter account, the successful analyst, known by the nickname, thinks that the price areas of Bitcoin around $ 55,000 and $ 65,000 may be important levels for Bitcoin investors looking for an uptrend.
According to analyst bitcoin Despite hitting all-time highs, it is currently going through a sluggish period and it is possible for the price to drop below $55,000 to bring some activity to the market.
Noting that he waits for Bitcoin to decide between another retest or a sudden exit before entering another position, the analyst shared the chart with the statement “if the drop scares you, look at the similar structure in February”.
“(My) positioning,
bitcoin, ATHof [tüm zamanların en yüksek seviyesi] still no fluctuations/spatial operations seen until rollback.
I’m only focusing on lower time frame moves unless Bitcoin retraces that level or goes down to test a key level.”
“Especially bitcoinThere is a problem with , that everyone looks at the previous cycle behavior in an entity more than a decade old to verify current behavior… After going through changes in context and regime, you should expect new things to happen. ‘Like a lackluster ATH break for example’…
Yes, inanimate. If a level is seen as very important by the market, the amount of reaction and participation at that level should be very important and decisive.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.