Crypto Specialist, Bitcoin $102,702.04(BTC) price movements in the near future can be similar to the performance of gold in 2024, he said. Analyst says Bitcoin can reach the highest levels of all time in the coming periods.
Bitcoin estimates
Analyst Donalt said that the price of Bitcoin has been concentrated in a certain level of resistance recently and that the price could return to a rapid rise trend if the critical threshold was exceeded. Donalt said that this process resembles the price movement in 2024. According to him, gold showed a harsh rise after waiting at a certain level for a long time.
“Look at the level of gold around $ 2,000. Currently, we are in the same process. The targeted level is tested several times and fake breaks are typical before the big break. People often miss opportunities before breaking.” – Donat
Analyst between precious metals and crypto assets, Bitcoin thinks that he is similar to a key level consolidated. Gold was traded for $ 3,368, while Bitcoin’s value was recorded as 102.614 dollars. Donalt emphasized that both individual and corporate investors should be careful in this process. According to the analyst, even though the price flucts at the same point for a while, a potential break may cause a sudden and rapid rise.
Crypto currency strategy
Donalt’s strategy suggests that investors are prepared for this type of consolidation and breaking processes. Although the analyst points out that Bitcoin can follow a similar model by drawing attention to the past examples and especially the market behavior of gold, global uncertainty has been suppressing the risk appetite with the risk appetite for 6 months.
It is certain that the period in which we are in is a larger price movement. On July 9, the postponement period will expire and countries have to sign agreements until then. Moreover, in the coming hours, the scenario of Iran attacking US bases can be ignited for years. Although there are justified reasons for worried investors, Donalt’s estimates will only show whether or not.
Bitcoin’s price movement is suggested that gold has similarities with market behavior. Horizontal mobility can be expected in prices unless critical resistors cannot be exceeded. However, in the event of a breaking to be supported by strong volumes, it is thought that new peaks can be tested. Experts constantly emphasize the importance of market tracking and risk management. The comparisons to be made with past price movements may give ideas in shaping investment decisions, but it is stated that no final inferences should be made and investors should give importance to their own analysis.
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.
