Bitcoin should keep $ 108,000 to prevent a declining reflection: Trader star-news.press/wp

Bitcoin needs to maintain its momentum as it approaches its highest levels ever, as the decline to $ 108,000 can lead to a declining direction, according to a trader.

“You don’t want to see this deviating to below 108 thousand dollars again at this stage.” He said On Thursday, Bitcoin (BTC) is a “attempt to collapse”.

Bitcoin has $ 2.67 billion in danger

He added: “Any closure around this region, which is worth $ 110,000, will be good.” Bitcoin was $ 110,498 on Thursday, but since then it has regained 109,250 dollars, According to To CoinmarketCap data. About 2.5 % is less than its highest level ever at $ 111,970.

Daan’s scheme analysis indicates that if Bitcoin retracted about $ 108,000 – a recent restaurant on Wednesday – this may lead to declining glorious, which may push the price to less than $ 100,000 and may decrease to 96,000 dollars.

Bitcoin has not decreased to less than 100,000 dollars since June 22, when it touched for a period of $ 98,900 amid conflict between Israel and Iran. The transition below this level will scan about $ 2.67 billion in long positions, According to To Coinglass data.

Many other analysts seem to be confident in Bitcoin. Miles Deutscher encryption analyst He said“It is very difficult to be a drop here.”

Meanwhile, Crypto Trader CryptoFayz Make up Using a scheme that if Bitcoin dismantles its highest level ever at $ 111,960, his period may last to $ 116,000.

Likewise, Marcus Thielin from 10x Research said on Thursday that this price level can be reached by the end of July, pointing to strong flows in the investment funds circulating in the instant bitcoin, uncertainty about the American Federal Reserve, and the rapid decrease in Bitcoin supplies to the exchange of encryption.

The stages of uniformity of bitcoin are different this course

However, Dan He said It seems that the current Bitcoin Unification is slightly different from the previous one in this course. He said: “He still follows the same pattern in which he stops, retreats below, restores the range and then grinds above,” adding that he is missing “actual collapse and continuity.”

Related to: Bitcoin price aims to its highest new levels, but “differences” set 110 thousand dollars as a resistance

Founder of Macai James McCai Research He said“Whenever we have multiple periodic monotheism, the more we take it out of the typical periodic behavior for four years.”

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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.