Bitcoin price is struggling to reclaim $88,000 and Trump will address the nation tomorrow. Trump, who will talk to Waller for the Fed Presidency, will probably announce his decision within a few weeks. The cryptocurrency oracle is still behind his bearish prediction. If the analyst who repeats the target is right this time, there will be great destruction in altcoins.
How Many Dollars Will Bitcoin Fall To?
Supreme court decision, by MSCI cryptocurrency The classification of reserve companies as funds and the possible Japanese interest rate increase are the biggest negative developments expected in cryptocurrencies within 1 month. Japan will announce its decision on Friday and we will also see the US inflation report this week.
For all these and more reasons, risk appetite in cryptocurrencies was undermined this week and BTC As predicted, it lost $88 thousand support. Roman Trading wrote yesterday that we would see a weak bounce from the bottom, and he was right. Today, the cryptocurrency oracle repeated his target of 76 thousand dollars.
“Bullish waves formed + volume was low on the decline. I predicted this bounce point perfectly. However, this is just a bounce, I don’t think it will lead to anything serious.”
Bitcoin (BTC) in the near future
$87,270.31 “It will reach 76 thousand dollars.”
Bitcoin (BTC)
Mark Cullen thinks that the short liquidity concentrated above $95 thousand will be cleared soon. So we will see an increase of approximately 8 thousand dollars from this region. However, there may be a smaller cleanup at $83 thousand beforehand. If the expected scenario occurs, the larger short liquidation could push the spot price above $98,000.
Mark’s predictions were no different on the technical analysis front.
“With yesterday’s sales BTChas reached the Fib gold zone of the bullish movement. “I would like to see a bounce from here and a higher low, but the late November lows will likely be seen again as the pain continues.”
US inflation figures will come on Thursday and Japan’s interest rate decision will be on Friday. Well cryptocurrencies Strong pressure factors will be upon us in the coming hours. This confirms Mark’s short-term bottom expectation.
