Analyst Donalt, Bitcoin in November 2022 $89,294.82He interpreted the current situation in the largest crypto currency as a name that accurately predicts the bottom point. In his latest assessments, he predicts that Bitcoin can reach higher prices if he recovered above certain levels. Commenting on market movements, the analyst draws an optimistic painting on the future of Bitcoin.
Determining Level for Bitcoin: 90,000 dollars
Donalt drew attention to a significant level by examining Bitcoin’s weekly graph. According to the analyst, the fact that the weekly closures are over $ 90,000 constitutes a positive sign for the market. He says that if a closure occurs above this level, the range is not broken and the market will continue to move upward. This increases the likelihood of Bitcoin’s strong recovery. Investors may expect Bitcoin, which is traded above this level, to turn to higher prices.
According to Donalt’s evaluations, the $ 90,000 level constitutes Bitcoin’s critical resistance. The fact that weekly closures above this level can be considered an important signal for the market. At this point, Bitcoin’s rise trend seems to be likely to continue.
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Short position deals in Bitcoin
Analyst said Bitcoin’s recovery will strengthen the rise trend of over $ 104,000. However, when we look at daily graphics, some conditions are suitable for short position entries. Bitcoin is located around the $ 90,000 level that can create support or resistance. It was emphasized that the fluctuations that may occur at this level should be considered.
Donalt says Bitcoin tested bottom levels in the weekly graph and that investors can open a position from these levels. However, in the short term, market movements should be carefully monitored due to inconsistencies in different graphics. This inconsistency requires investors to be cautious in creating their strategies.
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.
