Bitcoin prices were struggling to maintain momentum in 2024 in the first quarter of 2025, collapsing due to US macroeconomic uncertainty. Crypto Market was expected to continue to worry in early April, but the price is to recover the highest cycle due to market climate improvement.
According to the recent price behavior data, the price of bitcoin has increased by more than 25% until this quarter, surpassing most of its large assets in the same period. Interestingly, premiere cryptocurrency seems to be more likely to rise, and the highest price ever seems to be the next goal.
Three important levels of watching the second quarter
The chain analyst Burak Kesmeci from the X Platform’s post on the post on the post of the X Platform evaluated the potential of Bitcoin prices for the rest of the second quarter. In his latest analysis, Crypto Pundit revealed three important levels of the BTC’s price trajectory.
The relevant indicators here are the ratio of Golden Multi -Flyer, which is usually useful for tracking periodic price behaviors and identifying important prices. This technical analysis tool uses the fibonacci -based multiplier to the 350 -day moving average (350dma) to identify the potential top and bottom.
KESMECI has confirmed $ 127,000 and $ 159,000 as a resistance area found in this Yellowcheon rally. Specifically, the level of $ 127,000 coincides with 1.6 times the 350 -day move. average no way The top of the mid -cycle of the old bull.
Source: @burak_kesmeci on XOn the other hand, the $ 159,000 level is associated with the double multiplier of 350dma and historically signed the cycle tower. In the BTC market. But if the Bitcoin price has a chance to meet $ 159,000, you must successfully violate the mid -cycle top.
KESMECI also pointed out the most important support level to monitor Bitcoin prices on the rest of the second quarter of this year. Depending on the ratio of Golden Multi -Flyer, this cushion is $ 80,000 around the 350 -day move and long -term accumulation occurs. The decline under this support can invalidate the current theory of strong theory at the price of the current BTC.
As a result, KESMECI is based on the average of the golden multiplier, and as a result, the emphasized level is to change when the price of Bitcoin moves.
Bitcoin price at a glance
At the time of this article, the value of the BTC is worth about $ 103,275 without significant price movement for the last 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Istock’s main image, TradingView chart
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