Analyst Rek Capital, Bitcoin $89,748.06 After the harsh correction in the market in recent weeks, he shared his estimates that the price would increase. In the daily graph, it is stated that the rising foot formation occurred after the previous high level.
Bitcoin may rise
According to Rek Capital’s statements, Bitcoin recently began to form a rising bottom in the daily graphic after a harsh correction of $ 80,000. This offers signals that the market has reached the bottom point.
Rekt Capital: “Apparently higher bottom took place.”
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Corrections and purchase deals
Analyst, Bitcoin’s CME futures market in the range of $ 70,000 in the range of $ 70,000 without completely closing the tendency to rise, he said. In addition, in the technical analysis, it is stated that a different lower direction deviation was observed according to the bottom level of last week around 78,600 dollars.
Rekt Capital: “Bitcoin showed a significant sub -direction deviation compared to the bottom level of last week.”
The fact that it has experienced a similar correction with 25 %withdrawal in December carries parallel with the movements seen in the current market cycle. This suggests that an ordinary path can be followed compared to the corrections observed in the past.
Rekt Capital warned that existing corrections may create purchasing opportunities, while concerns about early decrease signals may restrict the participation in the rise trend.
Rekt Capital: “Early decline concern prevents participation in the rise market.”
While the important level that will provide positive acceleration in the weekly graph for Bitcoin is noted as 93,500 dollars, many important developments to be experienced on Friday excite investors.
Bitcoin’s current price movements and graphic formations can provide information on the possible upgrade trend in the market. The fact that the correction periods are compatible with previous similar movements proposes that technical support and critical price points for investors should be taken into consideration. This information emphasizes indicators that may be useful for those who want to evaluate market dynamics.
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.
