Bitcoin, after a horizontal course for weeks over 87,000 dollars, gained momentum again. This rise contains positive signals in terms of both technical indicators and investor expectations. Experts, the price of the price of $ 90,000-92,000, the market thinks that the market can move to a new stage. In particular, the re -testing of this range, which works as a support in the past, can strengthen the bull appearance.
Technical indicators support the rise
Bitcoin made a rising fracture after a long time stuck between $ 83,000 and $ 86,000. The rise trend in the hourly and daily graphs became more pronounced with the increase in procurement pressure. Technical analysis tools show that this movement is not only a short -term reaction, but also the momentum is increasing. Especially the price above the 30 -day exponential moving average is considered as an element that increases the trust of investors.
Another detail in the graphs is that the previous decline trends are broken. This technical break reveals the potential of leaving the market’s previous resistances behind. For long -term investors, it is of great importance to stay above the simple 200 -day average average. This average is currently around $ 88.245 and is a critical indicator of the direction of the trend.
Investors carefully monitor these new price movements in the graphics. In particular, retreats that may be experienced towards $ 85,000 can lead to testing the existing bull structure. Therefore, in addition to technical indicators, market psychology continues to be effective in decision -making processes.
Old support zones entered the radar again
The range of $ 90,000-92,000 in which Bitcoin turned has a strong support in the past. This region served as a barrier that prevents the price from decline in decrease periods. Now these levels are considered as potential resistance. However, technical indicators do not ignore the possibility of overcoming this range upward. Investors expect this region to be re -tested and have the opportunity to purchase.
It is emphasized that moving averages are also decisive in this process. Especially the upward intersection of short and medium term averages is seen as a positive signal for the momentum of the market. These intersections, which are frequently used in technical analysis, can be guided by investors’ decision -making decisions.
Market analysts, current data should be evaluated carefully, he says. Particularly monitoring of technical levels is important in terms of reducing the margin of error in investment strategies. With Bitcoin’s last break, hopes for the bull market are revived. However, investors must be careful and always prepared for the possibility of a withdrawal.
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.
