Bitcoin prices are still traded at more than $ 100,000 and are very close to $ 111,900 at the highest level. But this did nothing to persuade the weakness of the cryptocurrency market. In particular, Altcoins suffered the most and seemed to be endless for decline. Given the current market sentiment, the crypto analyst still suggested the weakness of bitcoin prices, despite more than $ 100,000.
The reason Bitcoin is still weak
In the analysis, the encryption analyst, Anup Ziddi, pointed out why Bitcoin prices can continue to see the weak tendency. The first is that the main cryptocurrency of the market capitalization continues to be traded below an important level, reaching $ 107,000.
So far, $ 107,000 has become an important level, and has been resistant in the most recent bidding for Bitcoin’s new all -time high. After the price drop, it once again changed to a resistance, and the bull could not resume this rise by arranging this level. Given this, if the price continues to rise, $ 107,000 is now a level that can now be beaten.
According to crypto analysts, the price of bitcoin is still as weak as this level. The more you deal with less than $ 107,000, the more likely you are to collide here. The first goal is $ 103,500, which has already been tested at the beginning of the week. Then, after that, you can see $ 102,500 swimming, and $ 100,000 sits as a final goal before reaching major support.
The encryption analysts point out that in addition to this important psychological bitcoin price trading, it also worsens the designated situation as a catalyst for a decrease. This was confusing the financial market as Bitcoin prices fell after Donald Trump’s new tariff war.
Push more BTC
Other analysts also have a weakness in the price of Bitcoin and expect assets much lower. The analysts, such as liquidity sweeps, fair value differences, and market structures, point out for market reduction.
Analysts explained that the highest increase in the all -time is not a real escape and a stop. also, Fair value difference Sit for $ 105,600 and $ 106,000, and the price of bitcoin is not possible to recall this level, which increases the possibility of additional fullback.
Finally, the failure that returns the price of bitcoin to $ 104,300 is believed to be the first sign of the analyst. “If the price is traded again by the imbalance and rejection, the goal is $ 104,300 and ultimately will continue to $ 103,600.”
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