Various Bitcoin $87,835.52 forumThe claim that the price of the largest crypto currency could reach $ 130 thousand in the next 90 days began to be discussed. However, Bitcoin showed the best weekly performance of the last two months and increased by 4.24 percent up to 88 thousand 804 dollars, the highest level of the last 24 hours. The closing of the 200 -day exponential moving average (EMA) in the daily graph in the daily chart also played the expectation of rise in the market. According to the technical analysis, it is critical that the largest crypto money closes the week over 84 thousand 600 dollars in order to test the resistance of 90 thousand dollars. However, for a sustainable rise, the price must strongly overcome the descending trend resistance line.
“Last correction in Bitcoin price is a healthy break”
Famous Bitcoin Researcher Axel Adler Jr.the last correction in the price is a healthy break for the market, he said. Adler Jr., Bitcoin’s chain data has not yet reached the overheating zone, so the current movement is not the beginning of a bear market.
You are a Bitcoin forum for end -user comments and analyzes of the biggest crypto currency ChatYou can reach from.
ADLER JR. Investor Price Model (Investor Price Model) added that data only gives the sales signal twice in this cycle. This model provides a multi -faceted perspective, as it includes elements such as market value, thermo market value, investor price and Bitcoin supply.
Bitcoin researcher is also the largest crypto currencyThe cumulative days of the market were destroyed (CVDD), according to the metropy of the market is still in the rise phase, he added. For those who do not know, the CVDD Metricity follows the sales activities of long -term investors to determine the status of the market. In the current ascension cycle (2024-2025), a sales signal was taken once in March 2024.
Bitcoin Analysis, Comment: “The price will go to 130 thousand dollars”
According to Adler JR.’s Bitcoin analysis and interpretation, the price may rise to $ 130 thousand in the next 90 days. Researcher, experienced investors Bitcoin price He warned that they can make profit purchase when he went above 123 thousand dollars. These profit sales can create downward pressure on the price in the short term. However, general market dynamics and technical data show that Bitcoin’s upward movement potential can continue.
According to VELO data, Bitcoin futures markets have increased $ 1.5 billion in the last 24 hours. The funding rates are neutral. This indicates that neither the bulls nor the bears have yet provided precise control in the market. On the other hand, the anonymous crypto currency analyst, which draws attention to the rise in open positions with the BTC price exceeding $ 87 thousand 500 at the weekend IT Tech Pl“High open position and rapid price rise can create a risk of liquidation” warned.
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.
