Bitcoin (BTC) $94,235.30 He closed the weekend with a slight decrease and the price withdrawn from $ 97 thousand 895 and tested the threshold of $ 94 thousand. Although the transaction volume remained weak, buyers went to defense at 94 thousand dollars, and the expected rapid collapse under the critical 95 thousand dollars support was prevented for now. With this mobility, the perception of “bulls in the back of the back, but not completely gave up” in the market, was strengthened. In the new week, the eyes were turned into CME gaps and Coinbase balance sheet with the fed minutes.
Bitcoin price is forcing the critical threshold
The weekend decline was encouraged to those who said “92 thousand dollars is inevitable if 94 thousand dollars breaks”. However, the last candles burned in the graph show that the sellers could not reach the target. Although the volume is relatively low, it has brought the possibility of short -term bottom to the agenda. Some analysts comment, “Ten -Balance Volume is still in the positive area of this, which is a deep sale.”
In the big picture, around 95 thousand dollars is a psychological and technical obstacle. The recovery of the buyers may open the door of a moderate jump towards the previous hill in $ 98 thousand. On the other hand, after the FOMC meeting, the future verbal directions will be the determinant of the real wind that will affect the $ 100 thousand journey. In short, the price is cramped but potential high.
CME price gaps will determine the direction of the price
Two important price gaps stand out in the term: 96 thousand 400 – 97 thousand 600 dollars above, 91 thousand 700 – 92 thousand 500 dollars below. Bitcoin usually likes to fill these gaps and the short -term direction is clear according to whichever space is filled before.
If the price tests the gap below, a strong “cleaning” movement is expected to around 91 thousand 700 dollars. Such a concussion can collect the liquidity and bring a harsh return.
In the opposite scenario, an attack on $ 96 thousand 400 dollars targets short -term liquidity pockets on the border of 98 thousand dollars. Fast profit sales, known as “LTF liquidations ında in this region, may be seen, but the probability of deepening profit sales remain low unless the general trend is broken.
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.
