Bitcoin $83,287.54 The fluctuations and technical indicators in the market indicate the possibility of the BTC declining below $ 60,000. Investors consider the warning that the mutual tariffs described should be cautious against the decline that may occur. Market actors say that the current situation is closely related to technical and macroeconomic data.
Bitcoin drop warning
Analyst Titan of Crypto, Bitcoin price can not maintain the level of over $ 81,872, technical support may weaken, he added. In the market, it is important to follow up indicators such as 50 -week exponential moving average and weekly RSI.
“Bitcoin needs to remain above 50 -week EMA and weekly RSI support levels.” – Titan of Crypto
This warning reveals the possibility that crypto money may experience deeper corrections if it is under the leading level of support. The risk of landing at low levels increased the concerns of investors with sudden decreases in the market.
The announcement of mutual tariffs by the former president of the United States, in parallel with the global trade tension, it is stated that Bitcoin puts pressure. After this development, it was observed that crypto currency began to decrease from around 88,000 dollars to 80,000 dollars.
Crypto coins guess
Among the experts, there are also positive expectations. Some analysts stated that the recovery process may begin after existing corrections, while technical formations give hope for the future. Falling Wedge Paterni, which occurs in long -term graphics, is interpreted as a harbinger of recovery.
“The fact that Bitcoin reached $ 120,000 points to the new summit in this cycle.” – Crypto Caesar
Trader Tradigrade, another analyst, said that the last rally could begin with the breaking of the rising triangle in the RSI indicator. Expert examining the graphics, the crypto money can reach significant levels suggested.
“RSI formation breaking can trigger BTC’s final rally.” – Trader Tradigrade
Market data and macroeconomic indicators continue to play an important role in the course of Bitcoin. In addition to the impact of trade tensions, US economic explanations and global data, the warnings in technical analysis should be carefully monitored. Investors may benefit from reviewing their decisions by evaluating the plus and cons of both scenarios.
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.
