Famous Analyst Dave The Wave, Bitcoin $104,708.07 He said that the price may decline to $ 96 thousand in the short term, but this decline could open a new rally door in the middle-long term. The analyst emphasized that the classic. Bitcoin, who is currently traded around 104 755 dollars, said that the $ 160 thousand level will be the “accessible new target ında in the event of balancing in the region. Dave The Wave’s previous accurate predictions are closely monitored by a large audience in the market.
What do Fibonacci levels describe for Bitcoin?
Dave The Wave points out that the 0.382 Fibonacci extension is both psychologically and technically critical. According to him, the price of the price does not mean that the rising trend is broken; On the contrary, it may be “breathing için to gain a new momentum. Fibonacci levels; Support-reasons detection is widely used in planning of position adding and damage cut points.
Analyst thinks that the supply-demand balance can return in favor of the supply-demand balance with the introduction of 96 thousand dollars. Reminding that similar scenarios were experienced in the 2020 and 2022 cycles, he said, ın Don’t be afraid of retreating; look at the closing on it, not under the line, ”he said. This approach offers an important road map for long -term strategy power, although only criticizing investors waiting for price increase.
Technical indicators and market sense
In the weekly graph, the MACD indicator is still in the positive area; This indicates that the market does not lose my momentum. Dave The Wave states that the horizontal course in the beginning of 2024 is reunited, argues that the tightened price band can bring a strong break. He adds that investors should be paid attention to the increase in volume and volatility explosions.
Emphasizing the recurrent consolidation model in the daily graph, the analyst clarifies his expectation by saying, “Bitcoin is shaped well,”. Nevertheless, it is recommended that only technical signals are not trusted, macroeconomic data and market sensitivity should be followed simultaneously. Strict Stop-Loss rules and portfolio diversification can provide protection against sudden price 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.
