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Cryptographic analyst Capital decline revealed that the resumption of the price of Bitcoin could be at stake if it does not hold above a particular level. Not holding this level of support could cause the main crypto and erase all the earnings that she appreciated last week.
The price of bitcoin must contain more than $ 93,500 to avoid another crash
In a X postRekt Capital indicated that the price of Bitcoin must contain more than $ 93,500 to avoid another crash. He pointed out that downward deviation is on the tip of the end, but BTC must now stabilize above this $ 93,500 support level. The analyst added that, ideally, the main crypto needs a weekly fence above this level and recover it as a new support to resynchronize with the old reacumulation range.
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The Bitcoin Prize has already rallied above $ 93,500 this week while the main crypto has decreased shares, investors considering it as a safe refuge in the middle of the uncertainty of the market caused by Donald Trump’s prices. However, as Rekt Capital suggested, BTC must now maintain more than $ 93,500 to confirm this escape and prevent it from another bull trap.
The price of Bitcoin is likely to recover the $ 100,000 mark and even reach new heights if it can hold above this crucial level of support. Rekt Capital’s support graph has shown that BTC could rally up to $ 110,000, marking a new High of all time (ATH) For the main crypto.
Crypto analyst Ezy Bitcoin also predicted that the Bitcoin Prize could come together up to $ 166,700. He said that the Wyckoff’s reactive phase takes place beautifully. The analyst also noticed that the structure points to a continuous force with the confirmed spring and that the prices jumped through the stream. Ezy Bitcoin described $ 131,500, $ 144,900 and $ 166,700 as targets if this bullish momentum is held.
BTC needs one more leg on the LTF to confirm the escape
In a post X, Crypto Credibull Crypto analyst said the Bitcoin price needs one more leg on the lower time (LTF) to seal the agreement. If this happens, he said that the decreases are intended to buy until BTC reaches at least $ 150,000. His table that accompanies him showed that the main crypto could again exceed $ 100,000 on this next step.
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However, if Bitcoin price Do not record another leg upwards and corrects instead below $ 89,000 first, Credibull said that BTC is then found with a 3 -legged corrective structure. He added that it would mean that market players must wait longer for the “real” escape.
At the time of writing writing, the Bitcoin price is negotiated at around $ 92,600, down in the past 24 hours, according to data from CoinMarketCap.
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