Bitcoin $88,007.81 (BTC) has lost 8 percent of its value by falling hard in the last 24 hours. Last week’s chain and technical data were signaled by such a decrease. As a matter of fact, the price of the largest crypto money has fallen below the cost base of short -term investors and an important threshold, below $ 92,500. This indicates that sales pressure in Bitcoin price may increase. There are important levels in the market to be considered in the coming period.
Bitcoin price fell below the short -term cost base
Bitcoin’s current price has declined below the short -term investor cost base below 92 thousand 500 dollars. The fact that the price falls below this level indicates that short -term investors have an average loss of 4 percent. In the past, it was seen that the loss of this level has led to an increase in sales pressure.
When the decreases from the past summit were examined (May 2021, November 2021, April 2024, February 2024), the price often decreased by 1 standard deviation. For now, these levels are currently in the range of 71 thousand – 72 thousand dollars. If history repeats Bitcoin priceIt is possible to say that it may decline to these levels.
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Important levels for BTC
Bitcoin price cost baseAccording to the most powerful demand zone is around 89 thousand – 87 thousand dollars. However, it is seen that the support below this level is weakened. The price continues to remain below $ 87 thousand $ 71 thousand – 72 thousand dollars up to the range of harsh decline.
Inadequate demand for Bitcoin in these regions may cause sellers to deal with the control of the market. If buyers do not show interest from existing levels Bitcoin market It may enter a longer period of decline. For this reason, the price of the price again on the base of the base is an extremely important factor.
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.
