Bitcoin $83,958.40The long -term recovery process continues to follow a parallel course with technology shares. Research Service Ecoinometrics says that the upward movement on the Nasdaq exchange may directly affect Bitcoin prices. According to experts, technical formations in NASDAQ may play a critical role in investors’ assessment of risks in the crypto currency market.
The double hill formation in Nasdaq attracts attention
The “double hill” formation, which is considered as an important indicator in technical analysis, showed itself in Nasdaq. This formation usually indicates that a strong rise trend ends. According to the past data, after the dual hill formation, harsh decreases in the market can be experienced.
Investors evaluate that this structure in Nasdaq can have a similar impact in the crypto currency market. The dual peak formation may cause prices to decline again after reaching a certain level. Therefore, it is recommended to closely monitor the movements in both traditional markets and Bitcoin prices.
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According to technical indicators, Nasdaq’s movements can trigger a possible correction in the crypto currency market. Experts warn that such formations can increase panic sales in the market. It is stated that investors should follow the critical support levels in the market and shape their strategies.
Support levels are critical in Bitcoin
Bitcoin has lost more than 10 percent in the last 24 hours. According to TradingView data, the price fell to the 200 -day simple moving average level. Breaking this support point may pave the way for greater losses.
Analysts say that if Bitcoin loses this level, $ 73,757 is seen as a critical dam. Investors are advised to act cautiously as they approach this level. If support levels are not preserved, the market may face a larger wave of sales.
Technical indicators show that Bitcoin and Nasdaq give similar signals. Both markets contain risk elements for investors. The adoption of investment strategies based on technical analysis data is of great importance in terms of minimizing risks.
Market experts, investors should carefully monitor the price movements, he says. Considering the current dynamics of the market, it becomes critical to evaluate long -term investment decisions in the light of technical analysis.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
