With the Supreme Court postponement of the tariff decision this week Bitcoin It reached $97,500. Most investors think that this move is speculative because every rise for months has led to big declines. So what is the current outlook? cryptocurrency oracle What does Roman Trading say? We will discuss market forecasts of different analysts.
Crypto Oracle Comment
Every period, there are analysts who come up with important parts of what they say and are called “sarcastically” as prophets. We have seen days when every prophet in crypto was disgraced. While PlanB was ridiculed in 2022, CAPO was disgraced in 2023. If history repeats itself, Roman Trading, which has come to the fore with its accurate predictions in the past 6 months, should also be disgraced this year. Every prophet is described as “the best” for 6-9 months before he becomes disgraced, and then he becomes a “ridicule”.
Roman Trading wrote the following today at 18:15 CET;
“There is big tariff news this week.
I wouldn’t be surprised if this move reverses as soon as it drops.
The classic scenario of a rise to resistance followed by a big decline. “
The chart he shared followed the resistance test around $101 thousand. of BTC He says it will drop to 76 thousand dollars. Time will tell whether he is right or not.
The analyst said similar things in his analysis in the morning’s weekly period.
“This is a typical downtrend described in textbooks: volume increases – price decreases, then volume decreases – price increases/travels sideways.
Maybe we will test the 100 thousand level again, but this is not something to get excited about. “The next time big volume comes in, we will probably see a bearish trend.”
Cowen and Scott’s Predictions
Scott Melker says the ascending triangle breakout has occurred and of Bitcoin He wrote that he was targeting 112 thousand dollars. Of course, we need to see the weekly close because countless failed attempts have disappointed investors. Although Scott said that technical analysis clearly points to $112,000, time will tell.
Benjamin Cowen altcoins He shared the chart below showing his position against silver and said that current market conditions will not give altcoin investors what they want.
BTC is at and above $97,500 at the time of writing.
