The popular crypto analyst said Bitcoin was traded at certain levels of support and that the risk may increase. According to the analyst, it is considered important to maintain $ 76,600 in order to maintain the rise trend of the crypto asset. According to the latest data, Bitcoin is around $ 79,400, but deviations from this level are closely monitored.
Bitcoin (BTC) Price
Analyst Altcoin Sherpa said that Bitcoin should not fall below $ 76,600 support to his followers via social media. In addition, 77.903 and $ 78,197 levels are also closely monitored. Especially in the three -day graph, Bitcoin closes below $ 76,000, the price may decrease to the middle 60,000 dollars.
China is expected to announce a new retaliation statement and the United States nurtures uncertainty. This caused the pressure on crypto currencies to continue.
Bitcoin estimates
Sherpa evaluates the general appearance of the market structure, the current support point can provide protection in the short term, he said. However, the possibility of weaknesses and low trading volume may lead to fluctuations in price movements. The market can follow a horizontal course for a while due to low volume transactions in the relevant region.
Altcoin Sherpa: “Critical levels for BTC.”
In the above statement, the Analyst emphasized the importance of Bitcoin’s ability to remain at these levels and continued the rise trend.
Altcoin Sherpa: “If the graph is seen below $ 76,000, it may be a rapid decline to around 60,000 dollars. This is a region that is not good for the long position, but the region to be careful with.”
According to these statements, the imbalances that may occur at the level of support are warning for investors.
Altcoin Sherpa: “The existing region is promising, but the general market structure is weak. The upcoming days can be decisive in the direction.”
Analyst’s assessments may be useful for investors’ review of risk management strategies. The importance of technical support levels and the possibility of full -volume transaction ranges are full of uncertainties in the market. These explanations may enable investors’ cautious approach to short -term fluctuations.
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.
