Credible Crypto, one of the leading crypto money analysts, announced that Bitcoin has the potential to enter a strong rise trend after a short -term correction. Analyst said that the triple foot formation, which is clearly observed in the four -hour graph, offers a positive technical appearance for the market. It was emphasized that if this formation attributed, Bitcoin may have created an important base area. Expert name, the protection of these levels should be followed carefully for investors, he said.
Critical support zone is being tested in Bitcoin
According to analyst Credible Crypto, Bitcoin’s latest price movement shows that a support level tested three times is now a permanent ground. This technical formation implies that the price has gained strength in a certain range and is preparing for the next leap. “If this triple test really holds, it may be the most legendary bottom level in history,” the Analyst said. This can be a strong signal for both professional investors following technical indicators and individual participants who follow the market cautiously.
If Bitcoin cannot protect the $ 78.264 level as support, there is a risk of withdrawing approximately 13 %of the current price. This decrease may indicate a process in which investors should especially review Stop-Loss strategies. Considering the current prices, the operations under these supports may cause short -term hard fluctuations.
Refund warning for Ethereum and XRP
This critical technical appearance in Bitcoin creates similar prints in other large crypto currencies. Credible Crypto suggested that Ethereum could decline to $ 1,100 with a possible BTC drop. According to the analyst, ETH is difficult to get out of the expected support levels, which constitutes an additional risk element for investors. It is emphasized that care should be careful especially in short -term transactions.
Ethereum’s horizontal support of around $ 1,800 remains valid until the end of the month. However, the analyst argues that if the price hangs below these levels, the lower levels of spot purchases can be evaluated at the lower levels he defines as “orange zone”. He states that this region can offer opportunities for investors with long -term attitudes: “Spot positions to be taken from this region do not bring errors in the medium/long term.”
In the evaluations made for XRP, the price would hang below $ 1.80 for a short time, but this will not be a permanent break. Analyst thinks that this movement will be a “false break” and then a new wave of rise can begin. In other words, XRP’s fall below $ 1.80, not weakness, but the last maneuver before a new climb.
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.
