Bitcoin 
$113,966.40 price On August 2, he went down to 115 thousand dollars and entered the correction phase. Analyst Master AnandaIn his analysis of TradingView, he said he saw the decline approaching 10 percent since the last summit as a normal cycle movement. The biggest crypto currency is currently traded on a threshold of $ 113,500 and seems to repeat the consolidation model that brings records in the past. According to the analyst, the rise narrative will maintain its validity as long as the critical support thresholds are preserved.
Critical Support Line and Purchase Wall in Bitcoin
Master Ananda, BitcoinIt is waiting for the decline to end in the range of 110 thousand to 100 thousand dollars. At this point, he reminded that 100 thousand dollars were both technical and psychological support. Analyst Fibonacci added that 106 thousand dollars corresponding to 0.382 and 102 thousand dollars corresponding to 0.5 levels.
Ali Martinez De Glassnode, based on data of 107 thousand 160 dollars of 111 thousand BTC stack of sellers will soften the pressure of the seller.
Analysts agree that the long -term rise trend will be maintained unless the weekly closing is less than $ 100 thousand. As a matter of fact, past examples show that such retreats ended with horizontal cruise spreading in several weeks and then new summits came.
A key threshold for 117 thousand 400 dollars rise
The decline in the price of Bitcoin was triggered by the uncertainty created by weak US employment data and new tariffs. The decline in the risk appetite of stocks increased short -term profit purchases. At this point, 88 thousand pieces at 117 thousand 400 dollars BTCThe resistance line in which the cost is costly for possible recovery is the critical reference point.
Analysts do not expect a widespread panic sale unless they go below 110 thousand dollars. If the miner’s sales decrease and the increase in the number of long -term wallets, the door can be opened to new summits if the $ 115 thousand is re -exceeded.
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.
