The new week started with a fall for crypto currencies and the Fed interest rate decision will be announced next week. This week, the Fed members and Powell will make some conversations, but the theme of the week is artificial intelligence. In the short term, we move towards an important break in BTC graph. What are the investors at this stage? What are the current estimates?
Bitcoin Technical Analysis
The BTC, which has been lingered at $ 117,880, continues to close at levels that it has not seen for a long time. However, a 2 -hour graph may be approaching a significant break in the short term. This means that investors can see more volatility after a few hours.
Crypto investors’ application – the reason will surprise you!
“BTCtrying to break the rise flag. We want to see closes in higher time periods and maintain this level on this point. In these triangular formations, you do not want the price to begin to deviate backwards within the structure.
This is usually a sign of a local inverse turn after a fake break. ”
Bitcoin (BTC) 
$118,550.58 The fact that the price closes below 118 thousand dollars can trigger a new test for $ 115,500. If the subcoins remain strong, this means more subcoin rally with BTCD loosening. However, what triggers this is a news, if there is an announcement, it is possible that panic sales will create interesting turning graphics.
Ethereum and Altcoin rise
ETHBTC We are at the levels we have seen for the first time in the parity. However, some of the investors still have the potential to cause the massacre of the big short positions to be opened on the hill. Kyle drew attention to the profit/loss rate in the previous evaluation.
“The profit/loss ratio has increased to 39.8 recently and showed how high the profit realization was far above normal. It has fell to 7.3 at the moment, this figure is still more compatible with a high but healthy bull market.
Ali Martinez is much more hopeful. For him ETH PRICEI can run to the target of 10 thousand dollars by exceeding $ 4,000.
ETH price finds buyers below $ 3,800. While all this was happening, Gamesquare added 8.351 ETH to the crypto treasure.
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.
