Crypto money analyst Dave The Wave, Bitcoin $104,030.58pointed out that the level of $ 110,000 could not exceed the level of $ 110,000, but he said that he saw a significant rise potential.
Bitcoin Expectations
MACD is known as a technical indicator that follows the convergence and distance of moving averages to determine the momentum and trend direction of an asset. Dave The Wave, in the graph, said Bitcoin’s weekly MACD indicator has been moving towards the cross -resistor line that has long been setting peak levels in the market. Analyst also implied that this indicator could be strengthened by the end of the year and that Bitcoin could make an attack on $ 160,000.
According to Dave The Wave’s evaluations, positive signals on the weekly MACD indicator support the purchase progress of the price movement.
“Based on the weekly BTC MACD expansion, another move can be expected upwards.”
Analyst pointed out that the MACD indicator has also turned up again in monthly graphics in a medium and long -term positive assessment of Bitcoin. He thinks that this movement points to the long -term rise tendency.
In short -term forecasts, Bitcoin predicted that the price of Bitcoin may temporarily decline to $ 98,000, and that the rise may begin again after creating a local bottom.
“It is not a negative situation that the price of BTC is a bit of consolidated just below $ 100,000 before it rises again.
Crypto Coins and Technical Analysis
Technical graphics for Bitcoin price can be exciting or scary. But the more important thing in the lines in the graphics is the news flow. Depending on the announcements related to the tariffs, the fluctuating graphs are shaped beyond the basic developments beyond technical analysis.
The fact that investors are now aware of the fact that the tariffs are now reached to the 9th of the tariffs and closely monitor the medium -term trend (in terms of news flow) may be more useful than technical analysis.
Although short -term fluctuations in the crypto currency market, technical analysis tools continue to be a reference in the decision processes of many investors. The prominence of technical indicators in price movements is important in terms of understanding market dynamics. It is considered important to verify the market analysis of investors from different sources and to evaluate them together with macroeconomic developments.
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.
