Crypto Money Strategist Dave The Wave, Bitcoin $81,701.23 He said that the worst period of the price correction may be behind. The strategist, who correctly predicted the 2021 Taurus Market Summit, attracted the attention of investors with his analysis of technical indicators. In the light of graphics, support levels and fibonacci analysis, Bitcoin could find solid support of around $ 74,000. The recovery signals of the price and the expectations for the future showed a positive course in the crypto currency market.
Technical Indicators and Fibonacci Analysis
Dave The Wave emphasized the importance of many years of diagonal support. In his analysis, 0.38 Fibonacci said that the correction level is critical for investors. 0.5 Fibonacci correction level was also shown as a remarkable reference. Fibonacci analysis offers a simple and effective method of measuring market movements. The rates obtained from past data shed light on future price movements. Investors can follow these technical indicators regularly and create their strategies.
Time Fibonacci analysis reveals the rhythm and timing of the market. The one -year moving average shows that it supports the continuation of the trend. Technical indicators increase the likelihood of the price to remain at a certain level. The results of the analysis reveal important elements that lead Bitcoin’s movements. It is of great importance that investors closely monitor the developments in the market.
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Price correction and future expectations
Graphic analyzes reveal that Bitcoin has found solid support of around $ 74,000. The intersection of the support zones gives short -term recovery signals. Price movements offer important clues that can attract the attention of investors. In the analyzes, it is foreseen that the downward leveling may be limited. These data give hope that stability can be achieved in the market.
Dave The Wave assessed the likelihood of the price of Bitcoin by the end of the year to reach $ 160,000. The current transaction price is around 79,361 dollars. The preservation of support levels strengthens the recovery signals. Investors should closely monitor the market by acting according to technical indicators. Expectations reveal that a positive acceleration in the crypto money market can be achieved.
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.
