Crypto Money Analyst Rek Capital, Bitcoin $98,174.7He said he could enter a short -term consolidation process before reaching the highest levels of all time. Analyst stressed that Bitcoin has completed the first rise trend, and now it is important to form support levels. Protection of these levels can help Bitcoin re -enter a strong upward trend.
According to the analyst’s technical analysis, there are levels to be considered in the Bitcoin price graph. Closes, which will take place over $ 97,700, are considered as an important signal towards new summits.
Price movements and technical levels stand out
According to Rekt Capital, Bitcoin’s technical graph is followed by a stagnant course and the preservation of current support levels can increase the acceleration of the rise. Analyst says that Bitcoin has completed the first wave of ascension, but consolidation is necessary for a new upward movement. In this process, support levels can be a strong reference for investors.
Analyst argues that Bitcoin gives out output signals from the phase that he calls the “first price discovery correction, and that the second wave of ascension may begin in a few weeks. Support and resistance points are critical for the healthy evaluation of market trends. In particular, the level of $ 97,700 should be monitored as a strong resistance. Exceeding this level can offer an important opportunity for Bitcoin to reach new summits.
Taurus market dynamics and future expectations
Analyst thinks that the current bull market can continue by the end of the year. According to Rekt Capital, the summit of this cycle will be held in 2025. However, in 2026, a new decline trend will begin and this decrease may take about 365 days. Analyst says that the decrease rates in this process can range from 65 %to 80 %.
Bitcoin’s price movements should be carefully monitored, because technical analysis tools can guide investors to determine their strategies. It is of great importance to follow support levels, especially for long -term investors. If support levels are preserved, Bitcoin seems to be likely to reach new summits.
Bitcoin can maintain the dynamics of the bull market by the end of the year, while 2025 peaks and 2026 may be a year of decline. Carefully monitoring market movements during these periods can help to determine investment strategies correctly.
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 perform their operations in line with their own research.
