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Due to Bitcoin’s cohesion (BTC) above the important level of $ 100,000, which was previously a difficult resistance level to penetration, market analysts closely monitor their capabilities for more prices and access to its highest levels ever (ATHS).
A critical threshold of $ 109,000 in the near future for the leading cryptocurrency in the market, but the watch may be curious as experts warn of an imminent danger Bear market Which can appear within only three months.
An analyst warns of an imminent, bitcoin
Market expert and technical analyst Ali Martinez raised fears recently Social media participation On X (previously Twitter), based on the historical patterns observed after the Bitcoin Acts.
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The analyst notes that bitcoin and the broader cryptocurrency market can enter a declining cycle about 90 days from now. This expectation is based on the periodic nature of bitcoin prices, especially during the half years, which were historically followed by great corrections.
As shown in the above chart, Martinez indicates that the total days examination for each BTC course reveals an amazing similarity with the previous session between 2012 and 2016, which lasted 367 days before entering a descending market.
As of now, the bitcoin and the broader cryptocurrency market pass by 276 days of this session, indicating that the decline may be closer to what some investors expect.
Will prices reach 200 thousand dollars before landing?
Motient analysis includes the Wikov method, a technical analysis framework that determines market courses.
According to For this method, Bitcoin may approach its final stage before entering the distribution stage, which is the integration period before the price decrease.
At this stage, Ali Martinez expects that the price of Bitcoin can trade between 140 thousand dollars and 200 thousand dollars before witnessing a significant decrease again towards the level of $ 100,000.
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But despite these warning expectations, Martinez also indicates that there is still a possibility of short -term growth. He paints Comparisons To the 2015-2018 course, stressing that the Bitcoin price movement at this stage is amazingly similar to that period, which ultimately led to equivalent price increases.
In addition, the Mayer Multiple scale, a scale that measures the peak purchase conditions of bitcoin. Historically, Meyer Male pointed out the market peaks when bitcoin is traded over the 2.4 fluctuation index.
Currently this level Sitting Nearly $ 182,000, indicating that Bitcoin still has a room for growth before reaching the peak of the potential market in this session.
At the time of writing this report, the largest encrypted currency is traded by market value at 102,900 dollars, a decrease of more than 1.5% in the 24 -hour time frame.
Distinctive image from Dall-I, the chart of TradingView.com
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