Bitcoin $95,293.4 In the latest analyzes, the crypto analyst Ali Martinez said that the price of BTC may experience a decrease if we see the significant support levels and seeing closing. According to market data, if the support level is below $ 92,180, the price is expected to decrease to $ 74,400.
Support levels and analyst warnings
Ali Martinez, Bitcoin price is currently dependent on the level of 92.180 dollars, stating, if this support is broken, he noted that deeper decreases may be experienced. According to market values and price movements, this level of support is critical.
Ali Martinez: “If the BTC support level falls below $ 92.180, the price is expected to go down to $ 74,400.”
Breaking the support level is among the data that may affect traders’ position strategies and lead to wider price fluctuations. It is observed that local bottoms occur at certain profit margin levels.
Great Investor Movements
Market data reveals that important investors make intensive transfers between platforms. According to Whale Alert data, serious Bitcoin transfers were recorded among various platforms. These movements are considered as a sign of changing in the market and investor strategies in the market.
In the short term, Bitcoin price is expected to recover over $ 100,000, while analyst rectal Capital CME cavity drew attention to the formation of the cavity. In addition, Credibull Crypto emphasized the price power of Bitcoin, said it is necessary to follow the recovery signals.
Rekt Capital: “The region between the CME gap points to the potential to recover the price of BTC.”
Credibull Crypto: “The power of Bitcoin shows that it can create a positive acceleration in the market.”
It is foreseen that existing decreases can be turned into an opportunity with the positions it receives by some investors. While market participants maintain their purchasing strategies considering the risks, they emphasize the importance of protecting support levels.
According to the analyzes, it is stated that deeper price corrections may be experienced if critical support levels are broken. Movements and recovery signals of major investors may need to carefully review their strategies, while signing the fluctuations that may arise in the market.
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.
