Putin has made moderate statements about the peace talks, but it does not look like he is close to a conclusion. Bitcoin 
$90,846.46 It is stalling at the 91 thousand dollar limit. Altcoins are generally in a recovery trend. It will be a long holiday period for the stock market, and it is hoped that this will have a positive effect on cryptocurrencies. So what are the analysts’ current predictions?
Jelle Cryptocurrency Forecast
cryptocurrency What worried investors was the risk of disruption in the long-term structure following the breach of important trend supports. Here, the loss of 359DMA and other important levels put the last 1.5-year uptrend at risk. However, Jelle believes that even though we are coming out of a major correction, it does not cause disruption in the structure.
“This correction was the deepest and sharpest this cycle, with a correction of over 36% in just six weeks. After a series of slow corrections, almost everyone was caught off guard by this selloff.
In any case, the structure remained intact. Just another bull market decline for BTC?”
Compared to previous cycles, there still seems to be bullish hope for BTC. In his analysis shared a few hours ago, Jelle wrote that if the ongoing pause triggers a support test, things may become difficult in the short term.
“Bitcoinis pausing after seeing the important resistance level.
“The bulls should step back in soon to ensure that this turns into a higher low at worst, because if we break down again, I don’t think the price will be able to sustain the $84,000 level once again.”
Levels to Take a Position
TraderXO thinks that with the current level around 80 thousand dollars, there may be a fluctuation similar to the one experienced in March. Many investors are burning with the desire to take positions within a more limited range and turn this process into profit. BTC Whether it will give them the relatively narrow range of volatility they want is unknown, but breaking the ceiling or bottom will be painful for short-term traders.
“92-94K resistance. Expectations… a range is likely to form between this zone and the lower bounds of the 80s.
Similar to the price movement in February-March, a V-shaped mean reversion will occur inside the band. “We plan to operate in the extreme regions of both sides.” – TraderXO
