Recently, Bitcoin price movement seems to be carried out according to the plan in the analysis shared by the encryption analyst, TEHTHOMAS. Shared on the TradingView website, this post shows a possible path for Bitcoin prices to follow this period, and shows both the period and the point of resistance. Now, Bitcoin has already arranged $ 117,000, the next step can develop here, and encryption analysts are optimistic.
What happens after the bitcoin price reaches $ 117,000?
In the analysis, Thomas pointed out that Bitcoin prices can successfully solve the highest level and get out of liquidity than the previous range. However, after the previous movement, which was carelessly filled with temporary fake, there was the remaining non -efficiency.
After the market correction of Bitcoin prices to $ 112,000, a clearer structure is now formed. Bitcoin prices are currently moving to demand areas for higher periods, which can lead to higher prices.
Analysis shows that the modification of liquidity sweep has pushed the price of bitcoin to test the main imbalances, and since then, optimistic changes have occurred. In addition, there are already about $ 114,000, which has already been tested several times, and if this level is maintained, it shows a lot of support.
Another thing that liquidity sweep showed is that the purchase pressure has gone. This led to the reset of the market, where movements would be more intentional in any direction. But the higher price here seems to be the most likely path.
How high can BTC can go?
If the structure that the encryption analyst is summarized, the price of Bitcoin can see another small modification in the current local peak. When this work is completed, the next step is to create a balance that will help to increase the price of digital assets.
Analysts explain that if the bitcoin price is upside down, the next goal will increase the next resistance area of $ 120,000. However, the reversal gap and the loss of trend lines will be very weak. This will restart another modification for the territory of $ 111,000- $ 112,000.
Thomas said, “Bitcoin absorbs liquidity, fills in non -efficiency, and reverses the daily intervals that are maintained by the current support.
DALL.E’s main image, TradingView.com chart
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