We were just saying that the crypto market is recovering, but today, the leading crypto Bitcoin (BTC) has turned its direction down again. BTC, which saw over $ 45,000 on Thursday, was trading around $ 40,700 at the time of writing, with a loss of about 4% in the last 24 hours. Or was the recent rise the ‘dead cat bounce’ predicted by famous Bitcoin critic Peter Schiff? cryptocoin.com For its readers, we have compiled the opinions of analysts who are popular in the Turkish crypto market.
Significant levels for Bitcoin, according to analysts
The well-known figure of the Turkish cryptocurrency market, analyst Enes Turan aka Paradator, shared on his Twitter account on March 2, to his followers that Bitcoin must break the resistance of $ 45,400 on a weekly basis, otherwise it will retreat towards $ 37 thousand:
I’ve been saying $45,400 resistance in Bitcoin for days. He returned from there during the day as a point-and-shoot. The $45,400 resistance needs to be breached weekly or we may see a resumption towards 37,000. We are in critical days.
Another crypto analyst, who uses the pseudonym Selcoin on Twitter, says in a post he made today that the $ 40,500 level is support for Bitcoin and he does not expect a breakout from here for now:
I said Bitcoin support around 40,500. For now, I don’t expect a down break. It will protect the backing tape.
“Bitcoin’s daily close below $41,600 deepens turbulence”
Another popular crypto analyst using the pseudonym JrKripto, in his post on March 3. of BTC He predicted that if he could not exceed $40,500, he would face selling pressure and test the support levels he had determined:
If Bitcoin fails to exceed $45,500, the selling pressure will increase, it wants to revisit the Lower support levels! ->$41,600, $37,739, $32,124. There is a Fed rate decision on March 15-16. 90% of the markets are up by 0.25 points, my expectation is a sharp increase of 0.50 points!
JrKripto also made a post today and claimed that the daily close of Bitcoin below $ 41,600 and the closing of the leading altcoin Ethereum at $ 2,750 will deepen the turbulence:
Bitcoin deepens daily turbulence below $41,600 level! Ethereum’s daily close below $2,750 deepens turbulence across altcoins! No risk is taken under the 200-day average. We report in every lesson, let’s see who obeys our warning.
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