This year was significantly difficult Bitcoin The broader encryption market is driven by unsuccessful economic and political conditions. Although BTC amounted to the highest new level ever at $ 109,000 earlier this year, the main assets were under strong land pressure, causing a decrease to about 76,000 dollars. However, BTC has begun to get upward movements, which analysts believe can be part of the larger upward trend.
The next main step is determined by the graph pattern
Bitcoin also shows the upscale momentum after its recovery 87,000 dollars Again, a continuous trend has been set in the current price. Captain Vibik, an analyst and a seasoned encryption dealer open Which – which BTC price dynamics It focuses on the main graph style, especially the formation of falling sorry.
The formation of a decrease is an emerging technique group indicating a possible price reflection in the price often appears after trading down for a period of time. It is formed by two lines of the close direction that moves down.
After moving to the current price performance of BTC, Captain Vipique highlighted that the origin continues to circulate in the fall of the falling wedge and appears to be preparing for the bullish penetration. Bitcoin has maintained its location within this main scheme style despite the recent fluctuations, indicating this The crucial step may be on the horizon.
The falling sorry pattern that was observed on the timeline scheme for one day for approximately 4 months has been formed. Although the leading assets may prepare for upward penetration from the preparation, the market expert is sure that the price can reconsider the level of $ 80,000 before undergoing penetration.
When the collapse occurs, Captain Vibick expects that BTC will gather significantly to its highest level of $ 109,000 in the coming weeks. There is likely to have such a noticeable increase Reviving the bull market cycleAnd that many people already believes have ended or are close to its end.
Looking at the previous prediction of Captain Vibick, the long -awaited bullish penetration will happen in the next ten days. In the event that the bullish momentum continues after recovering the $ 109,000 mark, this may eventually push Bitcoin to its highest level ever.
BTC ups
It seems that the upscale step is possible BTC Since many major indicators such as RSI and Bollinger Band are positive. Modern analysis from IC News, media platform Reveal RSI has reached a value above 52, which means that the bulls are about to completely control. The gradient of the line indicates a high demand for the main assets.
Moreover, Bollinger Band explains that the price of Bitcoin is close to the upper range at the resistance level of $ 90,343. The BTC break above the resistance level will continue to constantly go up. However, Ic News noted that rejection at this stage could lead to a withdrawal 84,565 dollars In the middle range and $ 78,788 in the bottom range.
Distinctive image from Unsplash, Chart from TradingView.com
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