Bitcoin that markets closely watched 
$118,725.29New views on the current situation of the current situation came up. Analyst Donalt, who is known for his technical analysis and hides his identity, said that the rise tendency in Bitcoin continues, but this appearance may change if a certain level of support is broken. Donalt’s evaluations are followed with interest by crypto currency investors.
Strong rise and critical support point
Donalt drew attention to Bitcoin’s powerful appearance in the recent period and said that it was still a tendency to rise in a remarkable way ”. The current price has gained approximately 13 %value in the last 30 days. However, the analyst announced that the upward trend may be in danger if a withdrawal of approximately 9 %and went below 108,000 dollars.
Donalt The application of crypto investors on the subject – the reason will surprise you!
“You don’t want to lose the level of $ 108,000. This is the first warning that something wrong has started. he said.
Corporate demand and market risk
Analyst said that the process of receiving Bitcoin for reserves of companies plays an important role in price movements. In particular, the stop or slowing of corporate purchases was considered as an important risk element in terms of Bitcoin price. Donalt said that this situation may be more risky than ever, as this may create realization and sales pressure.
Analyst also thinks that the lack of institutional demand may have negative effects on the price and that its current positions should be managed to take into account such risks.
Donalt’s statement included the following evaluation:
“If the purchases of the companies end, the rise will end and the price may fall harshly. This is an undefeated risk. The market has become more dangerous. However, the reward is still attractive for those who are still right in the rise.”
Price movements and investor expectations
Bitcoin was traded at $ 118,090 and has gained significant value in the last month. According to the analysis, the weekly graph is emphasized that the existing retreat remains low and there is still a consolidation process. For this reason, Donalt believes that despite the possible fluctuations in the short term, the general ascension tendency has not yet broken.
Investors should closely monitor the support point of $ 108,000. As long as this level is above this level, it is expected that the general tendency may remain positive, while a downward break is emphasized that the position evaluation may lead to a change.
While the fluctuations in the Bitcoin market are expected to continue, analysts and corporate investors continue to develop short and long -term strategies. Although the continuation of strong demand is considered as a positive sign, possible breaks at the level of support increase potential risks. In addition, it should be considered that the evaluations in the article do not constitute investment advice and it is important for investors to conduct their own research.
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.
