Pundit reveals the date for the profit from Bitcoin before the equivalent rally star-news.press/wp

It was the price of bitcoin On a recent slope recentlyDip to the lowest level at 112,770 dollars in the past 24 hours. This decrease is sufficient to cause some concerns among traders in the short term, but feelings through the broader encryption community are still very optimistic.

Among the voices It still calls for high prices He is the technical analyst Merlijn The Trader, who has made an update on what he calls the Bitcoin Market Model model, not only locating where the price is heading but also the ideal area to achieve profits before it is too late.

The final equivalent step

Merlijn’s Technical analysis form It shows that the current structure on the long -term chart of Bitcoin reflects the frequent market maker style. According to its model, BTC enters the final equivalent stage of the current session with a strong upward increase, followed by a sudden collapse. With his words, “the crowd will rush. The positives will come out.”

In a previous analysis, the analyst referred to the head of Aidi and shoulders Forming style on The 3 -day time frame on the candlestick that will push Bitcoin to up to $ 145,000 in the coming months. In another analysis, Refer Bitcoin on the right path to reach a group of $ 250,000 to $ 300,000 next year.

Now, in this analysis, the analyst gives the best time or area to make a profit when this antagonistic gathering is finally flowing. The graph associated with its participation shows a distinctive green box that represents the last region to make profit before the market continues. This box places the profit achievement area between $ 160,000 and $ 190,000, which is the last part of this style, similar to those seen in 2021.

The visual includes a sequence of accumulation (gray), collapse (blue), euphoria (green), and exhaustion (red) that has always played in previous bitcoin. Merlijn’s assertion is that Bitcoin is now returning to the Green Zone, as it prepares for the same cheerful increase that was characterized by the end of the tail in the previous bull runs. This stage describes the “profit area”. Moreover, the analyst urged investors to secure gains before the post -combustion correction begins.

Bitcoin decreases to less than $ 113,000, but the upcoming upcoming expectations

The last Bitcoin decrease less than $ 113,000 follows a gradual decrease over the past few days Less than $ 115,000. This, in turn, allowed bitcoin to decrease by about 3.4 % in the past seven days. Although This weakness in the short termMarket morale between analysts is still optimistic. Many analysts, such as Merlijn Trader, see the current correction as part of the monotheism stage, not the opposite of the long -term direction.

The prevailing opinion is that BTC is still ready for higher goals in the coming months, with analysts Anticipate Its price can be paid much higher than its highest level ever at $ 122,838, which he recorded just 23 days ago. At the time of this report, Bitcoin is traded at $ 113,990.

Distinctive photo of Pixabay, Chart from TradingView.com

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