Bitcoin’s price movements are recently followed by technical analysis experts. Crypto money analyst Kevin Svenson said that the leading crypto currency is intact at long -term support levels, the rise trend continues. Reminding that the current price levels are about 25 percent below the highest level of all time, Svenson stressed that this situation may create an opportunity to purchase. The positive outlook in the technical structure strengthens the long -term expectations of investors.
New support levels
According to Analyst Svenson, the levels seen as a point of resistance in the past have now become new support zones. In particular, monthly graphic data shows that Bitcoin maintains these levels into a base and maintains the potential to steadily rise. This technical table indicates that Bitcoin’s current price structure can be not only a correction, but also a phase of power collection.
Analysis reveals that the protection of these support zones is decisive in terms of long -term rise trend. Svenson pointed out the importance of not going below these levels and says that investors should not overlook the big picture despite short -term fluctuations. The protection of the technical structure is among the main elements that increase the confidence of the market.
Uncertainties in the market and possible jump scenario
Economic developments and foreign policy decisions on a global scale play a decisive role in the crypto currency market. Especially the tensions experienced in global trade relations can lead to unpredictable fluctuations in prices of assets such as Bitcoin. Svenson states that such external factors affect the investor psychology and make market movements more unpredictable.
Analyst says that standard correction rates are about 30 percent for Bitcoin. Following such a correction, prices predict that the potential to rise again may be around 23 percent. This means that existing levels offer a strong ground for recovery. Another point that Svenson draws attention is that this recovery can start with a pricing of over $ 100,000.
It is emphasized that investors should be careful and strategic in this period when the fluctuation will increase. Svenson believes that the short -term confusion can create various opportunities, especially for experienced traders. However, these opportunities also mean new risks and strategy needs.
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.
