In the crypto currency market, the permanence of the recent recovery of subcoins is questioned. Ranked analyst Altcoin Sherpa said that these rise may not be long -term. When market dynamics and past movements are examined, Bitcoin $83,921.55It is emphasized that the critical levels of the critical levels are decisive. Risk management and technical analysis should be at the forefront for investors.
Bitcoin’s support and resistance levels critical
According to Altcoin Sherpa, Bitcoin can give the first support test at $ 84,000. If this level is exceeded, the probability of the market will increase. However, the level of $ 89,000 should be monitored as an important resistance point.
Bitcoin is expected to gain a strong momentum if he crossed this threshold. The fact that it reaches a level of 98,703 dollars can open the door of new summits. But the analyst emphasizes that Bitcoin may be exposed to harsh fluctuations at these points and that investors should be careful. Technical indicators show that the market is still uncertain.
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Risks and uncertainties in the Altcoin market
Although it is observed that some assets in the Altcoin market rise in the short term, the general picture is still not clear. Analyst says that especially Memetkene projects carry great risks. He says that if Bitcoin declined to $ 50,000, it can be much more difficult to recover such subcoins.
Ethereum 
$1,929.24 Altcoins, which have a large market value, have difficulty in creating a sustainable trend even though similar rise in the past. Technical analysis shows that such sudden rise can mislead investors. Therefore, support and resistance points need to be analyzed well.
Altcoin Sherpa invites investors to be careful against market movements. Due to the rapid changes in the market, he emphasizes that investors should give importance to risk management. He states that Altcoins may exhibit short -term rise, but the situation is uncertain in the long run.
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.
