Bitcoin has been a great success over the past 48 hours, as it has decreased to $ 8132 after a shock in the global market caused by Donald Trump's announcement of comprehensive customs duties on imports from 185 countries. This shift in politics has sent defeats across both traditional markets and encryption, Bitcoin pull Besides the S&P 500. But despite the turmoil, a TradingView analyst believes that the encrypted currency has now reached what they call The perfect purchase area.
Bitcoin enters the purchase area, but the trend is still declining
Analyst behind this observation He explained that bitcoin I have now fully entered what they described as the “ideal target area” based on the upper clock. This structural level, which has now been fulfilled, means that the last decline, despite its occurrence, is a reasonable correction in a continuous pattern.
Bitcoin's entry into the ideal area is the result of breaking it below the main trend line on the timeline scheme for an hour for an hour. This input occurred when Bitcoin erupted to less than $ 84,700 on April 2, after it decreased from the highest level less than $ 87,100 on April 2. This break below provides the best input to reach BTC at a lower price and a wave ride up if it can recover around the support level at $ 81,000.
Nevertheless, the analyst also The note seemed to be careful. Bitcoin's daily closure price is less than the main descending trend line, indicating that the broader downward trend on the daily graph is still in play. The penetration attempt adds these risks to preparing the current market and emphasizes the possibility of more declines.
Key levels for viewing: the specific resistance and support areas
In the future, the analyst has set clear areas for traders to monitor. In the event of a recovery, the resistance area can specify between 84,576 dollars and $ 86,000 whether Bitcoin is A higher floor can be re -testing. A clean step above this range would indicate a major shift in the market tone.
However, the image turns into more caution if BTC fails to seize $ 81,000. In this scenario, focus It will turn into the scope of support Between $ 78363 and $ 79,500. Maintaining this bottom Bitcoin can help avoid more breakdown, as there is a greater chance of apostasy here. However, it is possible that the collapse below the support range will deepen this declining direction, leaving the ASET price vulnerable to more declines in the larger time frames.
At the time of this report, Bitcoin is traded at $ 83,695, and about 2.9 % of its lowest level. It seems that the trauma of the immediate market after the announcement of Donald Trump's tariff is cool, and BTC I started receiving flows again. With this momentum, BTC is now approaching the resistance area of 84,576 dollars to 86,000 dollars.
Distinctive image from Unsplash, Chart from TradingView.com
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