In the latest analysis of the Bitcoin graph, crypto strategist Cheds said he expects the long -term rise trend to continue if Bitcoin remains in a certain price area. In his previous estimates, the strategist had correctly analyzed Bitcoin’s fall below $ 80,000.
Bitcoin Price Analysis
When the four -hour graphics were examined, it was observed that Bitcoin had exit from the W formation. W Formation is a structure that usually occurs after a jump from the main support level twice and indicates a positive rotation. This formation breakage may lead to positive expectations among investors.
Cheds: “We broke the W formation, and then there was a return from above. This price movement seems to envisage a possible movement before the target of $ 72,000.”
Bitcoin Trend Expectations
According to analyzes, Bitcoin is expected to reach higher price levels if it maintains the critical support zone between 78,500 and $ 81,000. The protection of this support zone is considered an important criterion for the positive course of the market.
Cheds: “If it is reached again for $ 81,000, things will be in the way. With the support of the MA50, it is possible to recapture the short -term pivot and capture the rise trend of the bulls again.”
Analyst also said that changes in stock markets and MA50’s support role reassure the market. This indicates that investors follow Bitcoin more carefully.
In addition to technical analysis, market dynamics were also taken into consideration. The US’s back step feeds the positive expectation, and the fact that the blood pressure is not increased in the coming days will create a supportive environment for crypto currencies. .
These analyzes on price movements suggest that the protection of important support areas in the Bitcoin market may be useful for long -term trend. Graphic formations and support levels observed are considered as the main reference points that investors can carefully monitor in future movements.
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.
