The best cryptocurrency analyst and the trader warn that Bitcoin (BTC) may drop sharply if he loses one key level from the deficiency.
The analyst is pseudonymically known as Donalt, reports 65 100 subscribers of the YouTube Technical Round technical channel that Bitcoin can fix more than 13% of its current value.
Nevertheless, he warns whether Bitcoin can have $ 80,000 as support, a bear tendency can remain.
“It would be good if [Bitcoin] I spent $ 95,000. If not, and if all this breaks, you are mostly unlucky in terms of support. And then you need to look here to build a new structure. I hope that this will not be more than $ 80,000, it will begin to look very bad. ”
He also says that Bitcoin can affect the bull’s rally if he can restore $ 98,000 as support in a weekly diagram.
“It will be an interesting weekly closure. If we recall this candle and close above 98,000 dollars, I think that it is fun optimistic at this moment. It’s like a really good setting. Stop below low and aimed at new maximums.
If we close under it, right under this box ($ 98,000), it will begin to look a little worse. There really is no support. When you rise so in a straight line, it’s good, and it’s good, but when you go back, you can do any support, which does it a little more complicated. But this does not mean that there is no support. It just means that it is difficult to find an area where it will stop dropping. ”
Bitcoin is traded by $ 92,483. At the time of writing, which has decreased by 2.5% over the past 24 hours.
Generated image: midjourney
