Bitcoin succeeded in re -testing the Megaphone Bullish style – Is the imminent collapse? star-news.press/wp

Although Bitcoin (BTC) recorded slight losses over the past 24 hours – after that strong Employment data in the United States – The total structure of the upper cryptocurrency is still optimistic about an overwhelming majority, and promised the highest new levels in the short term.

Bitcoin re -tests the bullish Megaphone style

According to X Post by Crypto Analyst Mister Crypto, BTC recently completed a successful re -test of the bullish Megaphone style. The following graph analyst shared, indicating that BTC may eventually be ready to penetrate to the highest new level (ATH).

For beginners, a bullish Megavone pattern occurs when the price is an expanded structure with its highest levels and lower lower, followed by the outbreak of the upper direction. It indicates an increase in the fluctuations and the hegemony of the buyer, and often leads to a strong upward momentum as soon as the resistance is broken.

Likewise, Jelle’s encryption analyst commented on the latest BTC procedure, noting that although digital assets are still trading in a local scope, it has successfully turned to the highest local levels to support levels.

The analyst added that there is only one resistance level to overcome it – $ 112,000. The decisive collapse above this level may push BTC to what it called the “thin air” area.

In a longer time frame, BTC appears to be steadily approaching the rising trend line that consists of multiple previous resistance levels. Cryptogoos analyzer noticed that once Bitcoin is broken above this trend line, “Sky is the limit.”

More enlargement, the most prominent Merlijn merchant merchant merchant Bitcoin dealer for three years. He believes that the last stage of this upward trend has started, which BTC is likely to reach $ 240,000 in the coming months.

BTC to take advantage of short pressure?

Bitcoin may also benefit from the short qualifiers. In a separate X Publication, Martinez’s experienced encryption analyst male More than $ 30 million can be eliminated in short positions if BTC exceeds $ 111,000.

The short ranking occurs when traders who bet on assets are forced to close their sites due to high prices, and they are usually by re -purchasing the original with a loss. This purchase pressure can increase prices, which often increases rapid prices known as short pressure.

At the same time, there are no clear signs of exhaustion in the Bitcoin market. According to a recent analysis by Cryptoquant Crypto Dan, BTC Bubble chart Suggest The original cools without high temperature – which means more growth space.

However, some risks remain. Bitcoin recently Overflow A rare indication of the three -month graph can predict a brutal sale, and the price may decrease to $ 40,000. At the time of the press, BTC is trading at 107,701 dollars, a decrease of 1.6 % in the past 24 hours.

Distinctive image from Unsplash.com, plans from x and tradingview.com

Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.