Bitcoin has entered a technical critical stage by breaking a long -standing downward trend. The price, which has settled above the $ 85,000 level, brought the resistance line to a support level. This development gives signals that a new wave of rise in the crypto currency market may be the beginning. Analysts point out that the price of the price is very important.
Critical breakage in long -term decline trend
Bitcoin’s price movements gained a new direction with the fact that the graphs were carefully followed. According to technical analysis, this breakage may be not only a short -term leap, but also a harbinger of a wider rise. The fact that it remains over $ 85,000 shows that this level is now working as a support line.
Experts consider this development as a signal that market psychology has changed rather than a simple price splash. In particular, the re -interest of corporate investors contributes to the hold of the price at these critical levels. Crypto currency investors are cautious but optimistic to this transformation in recent weeks.
The popular analyst, Rect Capital, says Bitcoin successfully broke the fall trend and tested the new support line for the first time. Moreover, the price maintained its stability for several days at this level. Such stability signals can increase the perception of trust in the market and prepare the ground for the formation of new purchase waves.
Is the parabolic rise coming?
Rekt Capital said Bitcoin technically the parabolic expansion phase, known as “Banana Zone, could be during the first correction. This term describes the periods in which prices are rapidly reaching new peaks but in between breathing movements. Bitcoin has been following a course similar to this structure for a few weeks.
According to the analyst, the price of Bitcoin is consolidated at this level, while new peak trials may follow. However, it is also normal to experience short -term retreats due to sudden fluctuations and profit realization in this process. This requires investors to be careful, especially in short -term transactions.
Bitcoin is traded at 87,523 dollars at the time of the article. Crypto money market participants, technical formations, in parallel with market sensitivity may be decisive in price movements. In addition, such breaks are generally known to lead new price discovery processes.
Investors carefully monitor these developments and include technical analysis data in decision -making processes. In this new period of the market, if the basic and technical indicators work in harmony, new record levels for Bitcoin may come up again.
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.
