Bitcoin $97,063.27 price He approached the $ 100,000 threshold and seems to be dominated by buyers in the crypto money market. As expected, the Fed’s interest in the range of 4.25 percent to 4.5 percent, and US President Trump’s announcement of an important agreement on customs tariffs created a major expectation in the market. The focus of attention of corporate investors BTCIn this rise, where individual participation remains relatively low, it is slowly progressing to the critical resistance level. Technical signals indicate that the next attack can extend beyond 125 thousand dollars.
Bitcoin is close to exceeding the $ 100 thousand dam
Bitcoinrecently moving in a rising channel. The rising bottoms and high hills that are seen in the daily graphic and the high hills indicate a stable rise trend of the price. BTC, which managed to hold over $ 95 thousand, is approaching 100 thousand dollars, a psychological barrier.
The Fed’s fixing interest rates at the FOMC meeting in May was an expected result in the markets. However, Trump’s description of “a big agreement” gave Bitcoin an extra momentum by keeping the attention of corporate investors alive. While these two factors limited individual participation, it created an ascension scenario in which institutional purchases were at the forefront.
Technical indicators for Bitcoin and possible short -term targets
Weekly Macd The indicator is recently preparing to give a Bulish Crossover signal. The decrease in sales pressure indicates that the momentum may concentrate again on the receiving side. Rsi After leaving the bottom point at 40, he quickly recorded a upward movement.
For Bitcoin, the dual foot formation is completed according to the current technical appearance and if the RSI rises above 50, a strong rally may be experienced. If the critical resistance level is exceeded by 116 thousand 891 dollars, the price of Bitcoin is likely to turn to the target of 150 thousand dollars and even 200 thousand dollars.
On the other hand, a withdrawal from $ 116 thousand 891 can trigger withdrawal directly to the support zone of 90 thousand dollars. If the rising wedge structure is broken, the scenario of a decrease of up to 70 thousand dollars is on the table.
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.
