Bitcoin $104,282.9 Although the price decreased today, he got 50 percent of his losses before the FOMC meeting. With the increase in the volatility of the end of the month, this decrease will continue. The long -term appearance is still optimistic, and historical data gives more gain signals in February. Bitcoin, 123 thousand dollars to reach the level of reaching under the spotlight.
Does Bitcoin price reach $ 123 thousand?
Bitcoin price has been moving horizontally since the mid -November 2024. BTC tried to exit many times in this December, but did not show enough power. Therefore, a few new highest levels were created in the last 78 days of the ongoing consolidation. The last recorded on January 20 determined the highest level of all time.
4 conditions that can carry BTC to 123 thousand dollars
Bitcoin needs to take four significant changes or improvements in order to break a record of 123,000 dollars or higher.
Bitcoin price exceeding 105.5 thousand dollars of resistance level is required. This level stands out as the point in which BTC was rejected and stopped the rally after FOMC.
The second condition is the difference between retail and corporate investors. According to centimeter data, the wallets that hold 0-10 BTC of retail investors decrease, while the wallets containing 100-1000 BTC accumulate. Generally, retail investors are more sensitive to short -term fluctuations, and the price is capitated before reaching new peaks. Whale savings indicate that the rise trend is not over and the new ADH is possible.
The third condition is the decrease in whale processes. In other words, the decrease in transfers worth 100 thousand dollars: the increase in this metropy usually helps to raise the prices, while the decline shows that whales are indifferent and can enter the consolidation or fall period. If this indicator is reversed, the price of Bitcoin is likely to reach AC levels..
The fourth condition is historical tendencies. While the average monthly return of January is about 4 percent, The average return of February is around 15.66 percent. Because, The possibility of a new AC in February and potentially reached 123 thousand dollars high.
Two of the above -mentioned four conditions must be realized: BTC’s overcoming $ 105,000 and increasing whale transactions over 100 thousand dollars. If all four conditions are fulfilled, it may be possible to record a new time at the level of Bitcoin at the level of 123 thousand dollars.
The main levels to be followed while BTC price falls
With the end of January, investors can wait for the volatility to remain high. Following the highest level of 106 thousand 450 dollars on Thursday, the price of Bitcoin decreased by 2.04 percent. Investors, this short -term decline trend around the opening of New York to continue they can wait.
In this case, some important demands to be followed are as follows: 101.5 thousand dollars, 100 thousand dollars, 98.2 thousand dollars and 96.8 thousand dollars.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
