After the explosive breakout with Bitcoin for more than $ 100,000, the price measure is now solved as a familiar person. Strategic rhythm of integration. Today, Bitcoin is trading about $ 103,000, and the technical analysis shows that this stage can increase another significant driving force from $ 106,000 to $ 110,000.
According to RLINDA, a password analyst in TradingView, recent integration is not a sign of fatigue, but rather strategic. Group the following legs again.
Bitcoin price integration between major level construction momentum
Bitcoin’s rally is a clear distribution stage from $ 97,860 to $ 104,300 resistance, and now the price is from $ 104,300 to $ 102,300. It is easy to see that the price rally has slowed in the last 48 hours.
But encryption analyst RLINDA mentioned it This range of bound movements are positive development, pointing out optimistic continuation rather than weaknesses. At the bottom of this zone, especially the low level of $ 103,300, $ 102,300 or $ 101,700 can serve as a springboard for brake out attempts of $ 104,300 or more.
In particular, the analyst emphasized that the third re -examination failed to push the price as a resistance, leading to a local decline. but, The resulting violation is $ 103,336 The fundamental strength still shows that it is still not damaged. If Bitcoin successfully resumes $ 103,600 and bounces the liquidity zone between $ 102,700 to $ 102,300, a leading cryptocurrency can make another attempt with $ 104,300.
If this happens, the next bridge can reach up to $ 106,000 or $ 107,000, where more propulsions can increase the price of up to $ 108,786 at a history of $ 110,000 before the end of May. Goal of this level or higher $ 120,000 ~ $ 180,000 Before the end of the year.
Chart image In TradingView: RLIND
The warm chain signal strengthens the prospect of strength
This short -term integration is as follows: Not separated by sales pressure. In particular, warm chain data and market sentiment support the upward path of Bitcoin for the rest of the month.
According to Crypto analyst Ali Martinez, more than 110,000 BTCs have been withdrawn from the central exchange over the last month. As described later The encryption chart below, As a result, Crypto Exchange’s total Bitcoin protection area dropped from 2.57 million BTC to 2.45 million BTC.
This is a signal that investors are moving their water to refrigerated storage or preparing long -term suspension. Reduces immediate sales pressure It supports the rise price behavior.
chart X: Image of @ali_Charts
Currently, the most important support level is $ 103,300, $ 102,300 and $ 101,700, and the resistance level for the new all -time high is $ 104,300 and $ 108,786.
At the time of writing, Bitcoin was traded at $ 103,670.
Chart of TradingView, the main image of Unsplash
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