Encryption Captain Vibik Warning that the Bitcoin summit exists, with the main encryption to record a sharp accident soon. The analyst predicts that the price of BTC may decrease to less than $ 100,000 and up to 92,000 dollars when this collapse occurs.
Why at the top of bitcoin in
in X postCaptain Vibik stated that Bitcoin shows a huge relative strength index (RSI) Detamental difference On the weekly graph. He added that BTC seems to have come and is now ready for a great correction towards a range of $ 92,000 to $ 94,000. The analyst added that it is just like the pioneer in Chefir in November 2022, as it was now issued.
His accompanying scheme showed that Bitcoin may have formed a higher dual formation after it reached the highest new level (ATH) earlier in the year and then hit another New last month. RSI also indicates that the main encryption has reached its climax and is currently at the level of the peak of purchase, which supports a possible disruption.
Captain faIBIK analysis repeats veteran trading feelings Peter Brandt about Bitcoin Top. Brandt recently shared a plan He wondered whether November 2021 was happening again for the main encryption. November 2021 was distinguished by BTC in the last session. At that time, the main encryption formed a higher dual formation, similar to the composition that just formed BTC again in the wake of the May crowd to a new ATH.
At the same time, the encryption analyst Kevin Capital continues to warn Market participants to be careful about conducting the current bitcoin price. He stated that investors need caution as long as the main encryption remains less than 106,800 dollars in a 3 -day closing and weekly.
BTC has not yet been done in this market cycle
in X postTitan of Crypto indicated that the Bitcoin summit has not yet been made and that the main encryption can still hit a new ATH before it is on top. Note that BTC Bull Market It enters its final stage. The analyst noted that, as in previous sessions, there is one year of the bear market followed by three years of expansion.
Based on this, Titan from encryption I announce that BTC appears at the last station, but this is not done yet. His accompanying scheme showed that Bitcoin can still gather up to $ 170,000 in this last bull station. The main encryption is expected to reach this goal from now until the end of the year, after which it can enter another bear market.
At the time of this report, the Bitcoin price is traded by about $ 105,000, a decrease in the past 24 hours, according to Data From Coinmarketcap.
Distinctive photo of Pixabay, Chart from TradingView.com
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