An analyst who has attracted attention with his downward pressure psychology, especially in the last 2 quarters, predicted many movements, including the last big decline. There were some issues where he was wrong, for example, he did not expect such a rapid decline from 120 thousand dollars or after a rising phase in altcoins. BTC He hoped his relaxation would accelerate. But he still knew.
Analyst Who Knows the Fall
Roman Trading predicted the last big decline and the reversal that will occur from there. We also shared this evaluation in the past days. What he was talking about there was “there was a very rapid decline and a bottom is forming here.” When he shared his prediction, BTC was still close to the bottom of $ 80 thousand, and he shared the last rise scenario before the deeper decline to $ 104 thousand at that time.
Analyst trapped in bearish psychology due to disruption of long-term structures on the chart BTC price He thinks that it will bottom close to the 50 thousand dollar base in the near future. We have previously stated that when this level is seen, it will start buying gradually and accumulate with DCA and wait for the new peak.
Today he shared the chart below and wrote:
“Bitcoin
$91,270.62 daily chart. Lots of dip buyers are raising their voices here.
We would like to remind you that this is just a bounce after BTC dropped $40 thousand from ATHs. There is a clear decline and active retesting until proven otherwise. Nothing rises/falls in a straight line.”
still more decline forecast The analyst predicts that a sharp selling wave may start above $98,000 and then the price will test $78,000. He doesn’t have a globe that shows the future, so you should be cautious.
Analyst Comments
The efforts of short-term investors to turn every rise into a selling opportunity have stopped for now. This situation motivates the continuation of the rise and the appetite of US investors is also recovering. Taking a look at the heat map, DaanCrypto says that the key area to watch is the 97 thousand 98 thousand dollar range. This was the level that Roman Trading pointed out above as the region where sales would accelerate.
“It’s pretty clear where liquidity is in this price range. The $97,000-$98,000 range has accumulated following the consistent and intense selling seen 1-2 weeks ago. This has created a series of marginally lower highs, creating a large pocket of liquidity.”
The $97,000-$98,000 range is also consistent with a clear flat price level. So overall it’s a good area to watch.”
BTC price is just below $91 thousand at the time of writing.
