Analyst Justin Bennett, Bitcoin $101,794.5He warned that the price may experience a decline with the reaching level of resistance. Bennett said that Bitcoin encountered $ 106,061 at a resistance level within the framework of four -hour graphic analysis, while the price could move downward in line with the levels of $ 98,600 and $ 91,800. Analyst emphasized that investors who have tended to rise in the market should be careful at this point of resistance.
Analyst Opinions
Justin Bennett, on the social media platform for his followers sharing a short -term negative scenario, Bitcoin’in short -time sales pressure, he added.
Justin Bennett: “It may be useful for investors to be cautious at the point of resistance. Movement can be observed on 98,600 and $ 91,800 targets. ”
These statements include technical analysis and explanations based on existing market movements.
Different perspectives
In addition to the short -term decline expectation, Pentoshi, another crypto investor, said that Bitcoin maintains a support point of around $ 100,000 and may be up to an upward movement.
Pentoshi: “Bitcoin can move towards $ 120,000. Despite the sales pressure, there are rising signals. ”
Investors’ strong demand for Spot Bitcoin ETFs also contributes to this positive opinion.
Analysts say that Bitcoin’s price movements may be in a correlation with the performance of the S&P 500 index. This raises the possibility that parallel movements can be observed in parallel with the corrections in the stocks.
The assessments supported by technical graphics and index data show that the market is open to short -term fluctuations. As the price approaches the resistance levels, investors are advised to be cautious.
In the light of different opinions, it is seen that both sales pressure and purchase demand for purchase are effective in the market. This offers signals worth tracking for investors.
Bitcoin’s current trading price was around 102.549 dollars, while a depreciation of approximately 2.1 %in the last 24 hours. Monitoring of the market, regular evaluation of technical analysis and monitoring of current developments may be important for investors.
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.
