Bitcoin $83,315.11 Price movements continue to give critical signals in technical analysis. Rect Capital, who predicted Bitcoin’s correction before the half -half -on -up last year, said that there was a change in significant indicators. Especially the differentiation in RSI data and the decrease in the volume of the seller draws attention. The resistance zone, which is at the level of $ 84,000, is gradually weakening. Technical indicators indicate that the procurement pressure is strengthened and the possibility of upward movement in the price of Bitcoin.
RSI data shows the purchasing power
Bitcoin’s daily RSI (Relative Power Index) indicator was found to be a upward differentiation. Rect Capital, although this indicator is at low levels, buyers entered the market, he said. Although the RSI is in the excessive sale zone of the asset, it is considered as a reverse turn signal if the price does not fall. This signal shows that the procurement pressure is increasing and the sellers are starting to lose their power.
The introduction of buyers in the market increases the likelihood of Bitcoin finding support at existing levels. In the technical analysis, the strengthening of buyers is generally seen as a positive signal for the rise tendency. The general perception in the market is shaped that the price can move up by changing direction.
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84,000 dollars resistance weakens
Bitcoin’s resistance zone of $ 84,000 has been frequently tested in recent days. According to Rekt Capital, the resistance level is repeatedly tested and the decrease in the volume of the seller increases the likelihood of breaking this level. The low -volume sales of the sellers show that the market offers opportunities to buyers. If this area is exceeded, the resistance level may become support and contribute to the rise of the price.
The weakening of strong resistance levels in technical analysis is seen as a critical threshold for the onset of rise trends. Bitcoin’s exceeding this level may increase investor confidence and accelerate the entry of new buyers into the market. Analysts think that Bitcoin can reach higher levels in the short term.
Bitcoin price is currently trading at $ 83.150. Technical indicators show that the purchasing -oriented pressure in the market has increased and Bitcoin can make new movements in the short term. Investors continue to carefully monitor price changes.
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.
