After the road block, the bitcoin price hits the road block, and the next direction seems to collapse and the sales pressure is mounted. In addition, there was a lower conflict than the major support levels, such as $ 112,000, which continues to interfere with the growth of digital assets. This has turned this level of transfer to resistance, especially one interfering with the rise. If the resistance of $ 114,000 continues, Bitcoin investors can spend terrible time.
Bitcoin prices are in danger of conflict
According to Crypto analyst BITBULL, it is a major concern to reject the price of Bitcoin from resistance before $ 114,000. As a result, Bitcoin prices have created shadows for all recovery that have recently been on stage, and bears still have a significant amount of power than the price.
The analysis pointed out that Bitbull remains at a level of $ 114,000 if there is a significant recovery. Specifically, the price of bitcoin must be recovered for a daily level and maintained before the additional rise.
Another problem faced by Cryptocurrency is a time frame problem. The encryption analysts also point out that the price of Bitcoin should be raised to increase the likelihood of increasing the likelihood. This is more likely that the price will fall further because the price takes a long time to exceed $ 114,000 over the day. But until this happens, Bitbull says recovery is only a bull ship and can be ahead of the waves of the next reduction.
Where BTC can head here
Another encryption analyst, MAGS, also demanded the possibility that Bitcoin prices could see a conflict here. This time, the level of interest is much lower than the $ 114,000, which Bitbull called, and MAGS actually explains that $ 108,000 is actually interest and point.
This level has been used as a major support during the recent crash, and if you want to lower the price of Bitcoin, it has become a level that can win the bear. On the contrary, the bulls are now defending the onslaught, and this level of demand must be maintained to continue the rally.
If the bulls are successful and $ 108,000, the crypto analyst will see the price of Bitcoin and perhaps the new highest. However, if a breakdown occurs, the bear, which is supported for $ 108,000, is expected to collide with less than $ 100,000.
DALL.E’s main image, TradingView.com chart
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