The biggest crypto currency Bitcoin (BTC) $83,921.55After the latest developments, he approached the level of 85 thousand dollars and continues to rise with the recovery in the markets. Positive inflation data in the US and the decrease in global tensions increased the largest crypto money trust among investors. However, there is some sales pressure on the market. Bitcoin is expected to reach $ 90,000, while analysts draw attention to the resistance points close to this level.
Factories Supporting the Rise in Bitcoin
Bitcoin, while turning the direction up again, the positive news in the market increased the interest of investor. The fact that the consumer price index (TFE) data in the USA was better than expectations increased its demand for buyer. At the same time, Ukraine’s declaration of a 30 -day temporary ceasefire with US mediation reduced uncertainty for markets. Especially this development Crypto Money MarketHe brought the recovery.
Another positive news came from Canada. Ontario province announced that 25 percent taxation applied to electricity exports to the United States has been repealed. This decision showed a positive atmosphere in the markets by showing that it softened the trade relations between the United States and Canada.
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According to market data in the last 24 hours Bitcoin marketOver $ 75 million in the position was liquidated. 15 million of them came from buyers and 60 million came from sellers. This shows that short positions are damaged with the rise of Bitcoin. In addition, the value of open positions increased by 6 percent to 49.8 billion dollars.
Critical levels for Bitcoin price
Along with all this, on the stock markets BTC The reserves are falling. According to the data provided by Intotheblock in the last 48 hours of the stock exchanges with a total of 3 thousand 100 BTCs were withdrawn. The fact that investors move Bitcoins out of the stock market indicate a decrease in sales pressure and direct rise.
Bitcoin reached 85 thousand 309 dollars during the day, but it encountered resistance at this level. It is currently trading around 84 thousand dollars and is priced with an increase of 5.3 percent in the last 24 hours. Technically, the range of 84 thousand 205 to 86 thousand 704 dollars is critical for Bitcoin as a resistance zone. Bitcoin’s 90 thousand dollars of threshold level can increase the price up to $ 95 thousand. However, if the buyers are insufficient, the price can be withdrawn to $ 79 thousand 974.
Moreover, the biggest crypto currency For the Long/Short ratio for 0.67. With the rise in this price, the seller pressure increases and some investors expect the price to decrease.
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.
