Crypto Money Analyst Pentoshi, Bitcoin $105,926.72He made remarkable evaluations about the price movements that can be monitored in recent years. Analyst said in a statement on the social media platform X, if Bitcoin loses the current level of support, a sharp decrease may be experienced, but the rise trend in general continues.
Risk of decrease in Bitcoin
According to Pentoshi, if Bitcoin loses the range of $ 101,000-102,000, the current level of support, the price is declining up to the middle of $ 90,000. Analyst said that this level could be the “next higher bottom .. The analyst’s view is that Bitcoin maintains its powerful trend in the general market and will continue to create bottoms with rising peaks.
Pentoshi, in 2021 market conditions and the current situation to compare the questions, the two periods are seriously different from each other, the current period of demand and market conditions stressed that the current period. At that time, the analyst stated that monetary tightening was effective, and he thinks that the demand for the balance of supply and demand is prominent.
“In general, we make higher peaks and bottoms, which means a strong trend of rise… I think the worst scenario, if the current level of support is lost, the middle of the $ 90,000 will be new.
BTC price estimates
Analyst argues that the demand for Bitcoin exceeds the total (miner supply) production in the market, and that this continues to impose upward pressure on the price. Pentoshi emphasized that impatient behavior in the past of the past mistakes, drew attention to the importance of the long -term perspective.
“For now, I am quite sure that the demand for Bitcoin exceeds the daily production by far. In the short and long term, demand, supply passes. I think the biggest enemy of the people is impatient. -Pentoshi.
The shared analysis includes signs that the price of Bitcoin can capture an upward momentum up to the $ 120,000 band after testing the bottom levels between June-July periods. Currently, the price of Bitcoin is trading at approximately 104,871 dollars with a 1.5 percent decrease compared to the previous day.
Crypto currency investors should follow these analyzes closely and make conscious decisions about price movements. While the analyst points to the long -term potential of the market, it emphasizes the importance of follow -up levels. In this process, investors are advised to act patiently and act with comprehensive market research.
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.
