Bitcoin $98,847.0 It is traded at a critical support level. Crypto currency strategist Ali Martinez, if the level of $ 92.180 can not be protected Bitcoin’in suggested that a double -digit decline. According to technical indicators, this level is lost, the price may decrease to $ 74,400. Analyst said that the carefully monitored data on the market offers important signals for investors.
Bitcoin’s critical support levels
Ali Martinez, Bitcoin’s support levels while determining MVRV Metric draws attention. This indicator ensures that Bitcoin, where investors purchase at certain price levels, is compared with the market value. Analyst said that in the light of existing data, the level of $ 92,180 is one of the most important support zones.
The MVRV momentum indicator, which has been following a negative course since the beginning of the year, can be an important signal for investors. If this level is broken, Bitcoin is estimated to be withdrawn to $ 74,400. Uncertainties and technical indicators in the market require investors to be careful.
Technical warnings for other crypto currencies
In addition to Bitcoin, technical analyzes give critical signals for other crypto currencies. For Memecoin Dogwifhat (WIF), a decrease flag formation may occur. If this formation occurs, the price of WIF may decrease by more than 35 percent.
The head and shoulder formation for optimism attracts attention. Such formations usually indicate that the price can move downward. Market experts say that this technical indicator may cause Optimism to lose the acceleration.
For Polygon, the In/Out of the Money Around Price (Iomap) is used. This indicator helps to determine the support zones by analyzing trading activities that concentrate at certain price levels. According to analysts, Polygon’s failure to regain the support zone may cause an additional price correction.
Ali Martinez emphasizes that the on-ach data offers important clues for investors and that risk management should be done in the light of this data. Accurate interpretation of technical indicators in the crypto currency market can help investors to determine their strategies more healthy.
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.
