Bitcoin Weekly Chikou SPAN says the bullish trend is possible, but the price of BTC may be suspended to $ 95,000 star-news.press/wp

Technician Tony Severino He has highlighted a bullish style indicating that the price of BTC can soon witness another direction. On the other hand, the analyst also raised the possibility of bitcoin to less than $ 100,000, with the main encryption reaching 95,000 dollars.

Bitco Weekly Chikou SPAN refers to the upward trend, but the BTC price is still in danger

in X postBitcoin’s weekly Tony Severino Chico, who suggested drawing a BTC ascending image. He pointed out that this pattern reserves the re -test of support on candlesticks, while remaining small resistance or there is no upper resistance. At the same time, and Tenkan-Sen and Kijun-Sen I just crossed up.

Technical expert noted that Kijun-Sen is still side by side. However, he added this BTC price It is above both periods, which he claimed to be bullies for Bitcoin. In general, Sevirino saw that the week tends up to the main encryption. Meanwhile, he pointed out that this same image leaves room for a decrease to $ 95,000 this week, which means that anything still can happen.

The BTC price was very volatile during the past few days, thanks Israel’s tensions Iran. Bitcoin fell to $ 103,000 on June 17, amid reports that They were considering joining Israel To attack Iran. The United States is likely to join Israel, tensions can escalate and spread more panic in the market, sending BTC Spiraling.

The BTC price is also on the edge of the abyss before the FOMC meeting today. CME Fedwatch data He explains that there is a 99.9 % chance that the Federal Reserve maintains interest rates unchanged. However, the market participants are looking forward to the speech of the Federal Reserve Chairman Jerome Powell to get a hint about whether there will be price cuts later in the year. The war in the Middle East drives oil prices up, which may lead to high inflation again and may delay the rate reduction.

BTC needs to seize $ 104,000

in X postThe Crypto Titan of Crypto analyst indicated that the price of BTC needs to stick to the main support at 104,149 dollars to bounce a possible. This came as part of his analysis, in which he revealed that Bitcoin landed on a Key Ichimoku Support. The analyst stated that BTC now tests the Kumo cloud and that its thickness indicates strong support.

Encryption Kevin Capital warned The market participants remain cautious as long as the BTC price remains less than 106,800 dollars in 3 days and weekly closure. He also alluded to the failed failed, indicating Bitcoin summitAlthough he did not provide a goal for how the main encryption is low.

At the time of this report, Bitcoin price is traded by about 105500 dollars, a decrease of approximately 2 % in the past 24 hours, according to Data From Coinmarketcap.

Distinctive photo of Pixabay, Chart from TradingView.com

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