An analyst in crypto money markets, Bitcoin, which has recently followed a wavy course $107,352.53found evaluations about the current status and possible price movements. Analyst and Trader, known as Rek Capital Putting on the market, said that Bitcoin could be in an important transition process. According to the analyst, there is a correction during this period and then a new rise movement will begin.
Lock levels in the transition period
Rect Capital said in his statements that some downward deviations may be experienced in Bitcoin in the short term. However, it is important to recover a critical level of support after the decline. According to the analyst, the reconstruction of the support level of around 104,400 dollars may be decisive for the price. This level was preserved for about six or seven weeks.
Rekt Capital: “We can still see a little downward movement in the short term. But now the key level that needs to be recovered is around $ 104,400. We kept this level for almost seven weeks.”
If Bitcoin regains this support level, the next step is expected to turn around $ 109,000 in support. It is stated that this turning point may play a key role in the upward movement of the price.
Possible rise scenarios
Exceeding the existing level of resistance around 109,000 dollars and confirming as support can make it possible for Bitcoin to enter a new upward trend. Rekt Capital expresses the opinion that a rise in this scenario may last for a few weeks. The main element here is that the price is clearly verifying the breakage.
Rekt Capital: “The recycling of approximately 109,000 dollars as a support and successfully realized can be the transition to a new rise movement. When the break is approved, a few weeks of upward movement can be expected to occur. At the end of the price, this breakage verification is really important.
The current situation of the market and the analyst’s views
In the assessment, Bitcoin was still traded at $ 106,710. The analyst recommends that they follow price movements for investors within the framework of support levels and possible resistance breaks. Rect Capital warns that the transition period should be carefully evaluated for investors.
In this process, it is emphasized that market movements can contain unpredictable risks. As the analyst emphasizes, it is important to closely monitor the markets before any investment decision and to evaluate the analyzes in multi -faceted.
Bitcoin’s support and resistance levels, which affect the price movements, may play a decisive role in investors’ decision -making processes. Currently, the analyst thinks that the price should maintain and exceed critical levels to start a upward movement. The performance of these levels may shape Bitcoin’s tendency in the coming weeks.
Bitcoin’s future price fluctuations may be closely linked to the permanence of support and resistance zones. According to analysts’ evaluations, investors should closely monitor these technical levels and should always be prepared for sudden market changes. The recommendations of experts in their fields may be guiding the market in the short and medium term.
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.
