Reason to trust
Strict editorial policy which focuses on precision, relevance and impartiality
Created by industry experts and meticulously revised
The highest standards in the declaration and publishing
Strict editorial policy which focuses on precision, relevance and impartiality
Leo football price and a little soft players. Each Arcu Lorem, ultimate all children or, Ultlamcorper football hates.
Rlinda, an analyst from the TradingView crypto who predicted Bitcoin’s previous crash from $ 91,000, shared another lowering forecasts For the pioneer cryptocurrency. According to the analyst, more pain could be on the horizon for Bitcoin because it should fall up to $ 73,000.
Bitcoin is currently fighting to maintain his old momentum The lowering factors dominate the market. According to Rlinda, cryptocurrency has between A sales area after failing above the purchase area above $ 91,000, thus triggering a false distribution of the resistance. Given his current down position, the analyst predicts a major crash In new stockings for Bitcoin, anticipating a drop of 11% to $ 73,000 soon.
Bitcoin price is defined at $ 73,000
Rlinda revealed that the Market volatility was partially attributed to Donald Trump’s comments on the Federal reserve. The market reacted to the statements of the American president with a global upheaval, causing liquidations through cryptographic space.
Related reading: The 9 -month bitcoin cycle says it’s not over, the analyst shows where we are in the bull
In addition, the cryptoWho had to trigger a bullish feeling, did not do much to increase prices. Instead, he prevented the market from getting green. This market slowdown has led to profit by profit by investors Due to the lack of market and manipulation by major players.
Based on the analyst’s prices table, Bitcoin is negotiated in the range from $ 90,000 to $ 82,000. The cryptocurrency fell at this price after having experienced a Light price at price At the end of February. After this increase, Bitcoin has lost all of its earnings and has since been Take up a recovery.
Rlinda warns that if the bitcoin breaks below the level of support of $ 82,000, he could feel a Significant price distribution Around $ 78,000 – $ 73,000. TradingView analyst has highlighted $ 73,000 as the main crash objective, citing that Bitcoin is currently in the deep correction phase.
With temporarily suspended global growth, Rlinda has revealed that the market is in terrible need for liquidity. The analyst has indicated that if market growth is too much based on the bullish lever and new buyers without appropriate correction, it can become unstable. A correction phase, such as that of Bitcoin currently, can allow liquidity to reset and prepare the market for future upward movements.
Resistance and support areas of BTC keys
Rlinda has identified Key resistance and support level For the price of Bitcoin, sharing information on potential reversal points. TradingView analyst says the price area with the most interest and liquidity is $ 73,000 to $ 66,000.
Related reading
Although a $ 66,000 breakdown may seem a sharp decline, it could serve as a critical domain for market stabilization. Moreover, further Damage movements would be confirmed if Bitcoin drops below $ 82,000. Currently, the levels of resistance to monitor are $ 89,400, $ 91,000 and $ 93,000. Conversely, the support areas to take into account are $ 82,000, $ 78,000 and $ 73,000.
Felash star image, tradingView.com graphic
